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OSH $6.78

OSH : Looking to bounce back

  1. Look out for the turn around in Oil Search, as Exxon Mobil and Oil Search head towards closure of confirming cotracts for the PNG Gaspipeline. JP Morgan releasing its own research on Oil Search which is positive, and the release of the quarterly reports which will incorporate the production and revenue from the OML merger for the first time. The sitting of the new parliament in PNG is set for Monday August 5, which is going to be a relief for many fund managers as tensions in the country should then be at a minimum and with our Prime Minister visiting next month is sure to bring much needed confidence.
    A new warrant I hope coming out from the ANZ bank which is an 80 cent strike and a 1 for 1 Jan 03 due to be released, which for me is going to be very attractive.
    So keep a close eye on this company as changes are just about to be made and I believe this will influence the share price, but once again do your own research.

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