OSH 0.99% $4.01 oil search limited

ubs valuation

  1. 1,035 Posts.
    UBS lifted its valuation by 9¢ to $1.09 per share after Oil Search said it would buy the Papua New Guinea oil and gas interests of ChevronTexaco. Texaco's decision to exit the market was not related to a negative view of the business but because PNG was "probably too small a piece of the pie," UBS told clients. Analysts said the $US96.6 million price tag on the asset - which is tipped to add more than 20 per cent to forecast production from 2004 - seemed reasonable considering it was "significantly below" the cost of finding and developing oil in PNG. "With Oil Search being a participant in all of ChevronTexaco's producing interests in PNG, and being the operator of these interests, this transaction would appear to be more logical than any possible alternative," UBS said, maintaining its "buy 2" rating. Oil Search lifted 2¢, or more than 2 per cent, to 88¢.

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Mkt cap ! $8.332B
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$4.01 $4.04 $3.98 $30.35M 7.534M

Buyers (Bids)

No. Vol. Price($)
2 27370 $4.01

Sellers (Offers)

Price($) Vol. No.
$4.02 144758 11
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Last trade - 16.10pm 16/04/2021 (20 minute delay) ?
-0.040 ( 0.95 %)
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$4.01 $4.03 $3.98 1151039
Last updated 15.59pm 16/04/2021 (live) ?
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