Fully agree with DJ News today.
Excerpt:
"Oil Search: Oil Search is one of the highest quality E&P's in Asia-Pacific region and we see over 30% upside in the stock.
Focused on Papua New Guinea, it has the best acreage of any of the E&P's we cover. In the near term the company will benefit from further de-bottlenecking of the highly attractive PNG LNG project. In 2017, plans with further take shape for LNG expansion with an FID at the end of 2018/early 2019. The recent discovery at Muruk in the PNG highlands suggests that there may be enough gas (with P'nyang) to build a third standalone LNG train at PNG LNG. With an additional two trains from Antelope
LNG, Oil Search has the potential to part of a 5 train LNG development. While the stock looks expensive on most valuation metrics relative to peers, the large reserve life justifies this and we see more upside to come as more trains become de-risked."
News couldn't be better, IMHO.
OSH Price at posting:
$7.24 Sentiment: Buy Disclosure: Held