OSH 0.92% $3.79 oil search limited

Oil Search Valuation & Target Price, page-499

  1. 8,355 Posts.
    lightbulb Created with Sketch. 95
    Every time Oil Search Trades above $7/share there is stampede to sell, race to who gets out first. Some reason or other Big Fellows/Fund Managers dont have belly or appetite for Oil Search. Probably PE too high
    ..
    IOC Acquisition Dilution, Depressed Long Term LNG Pricing, High PE are few basic reason.
    ...
    Either Oil Search MUST some do Oil Producing Acquisition to its portfolio. PLNG Train 3 and train 4 is 5 years away.
    ...
    Does not make sense to sit on Massive Pile of Cash ( more than 2 Billion) and not use it for acquisition.
 
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