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69.0¢ drillsearch energy limited

We should know who the buyers are in next couple of weeks....

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g12m0

1,632 Posts.

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01/10/15

11:43

Post #: 16096500
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Originally posted by Pbnewby ↑

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?

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We should know who the buyers are in next couple of weeks. Santos running a sale process right now.

DLS Price at posting: 50.0¢ Sentiment: Sell Disclosure: Held
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