The whole sector is just so damn quiet - its like everyone is waiting to see how low things can go before mopping up - Woodside looks to have moved on from Oilsearch.
Our oilers need to make their own luck but debt is on the nose - ORG's got no cash STO got no cash - only leaves the likes of woodside but I doubt they've got any interest in the CB.
Our guys need to consolidate and make their own luck - pure and simple but no moves seem to be happening? Is this managements keeping their own jobs rather than looking after the long term interests of the companies?
Ann: Investor Roadshow Presentation, page-115
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