OSH
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0.92% $3.79 oil search limited

It shows oilers are confident in future exploration/oil price....

  1. oilman01
    3,534 Posts.
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    13/09/16
    09:31
    Post #: 19112309
    It shows oilers are confident in future exploration/oil price. Drilling a well in this water depth will easily blow $100m. If successful, it costs at least 10x to develop. Buy when it is cheap, a cheaper risk to take.
    OSH Price at posting: $6.58 Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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