Interesting to work out the endless question of why some value is being released now.
Is it
Gas prices?
Oil prices?
Cost of others projects blowing out?
Lack of ongoing finance for others projects?
World politics on energy- green factor?
The biggies- OSH diversified away from just being PNG? Has this unbalanced the equation where only so many funds would invest even a small asset allocation based on country risk? Along teh same lines have US funds continued to want exposur eto Alaskan resources and see value being released?
There is others but it is interesting to in hindsight understand what is the possible release point and reasons and why there seems much wider investment in OSH at a increased value? Could be as simple as peer comparison and with a new Alaskan asset and seemingly good consistant stable OSH management / funding / partners that OSH has gone from minor league to next higher and is being valued at taht metric and some newer $ coming in may not know country risks of PNG that may have held us back for so long.
Trump factor where USA assets may be given higher national importance rating for national security of energy and a economy that really wants exports etc
One thing I do know is that recent money coming in may not be patient money and will exit as fast as t entered if OSH stumble or don't perform to industry metrics at a minimum and that will create future entry points and some volatility. Just depends on how stable holders on register are and if they are happy with cheap assets , low on cost curve and are playing long game and happy to allow resources to continue to be developed at current rate.
If new money coming in is USA based it will be interesting what will become of dividends as it is something they don't usually experience?.
OSH Price at posting:
$8.90 Sentiment: None Disclosure: Held
