OSH - Oil Search
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Sean K
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Re: OSH oversold
Chicken, for once, I might agree with you. Not because I own OSH, but because of the current fundamentals of the company. sp has been smashed for 2 reasons: Doubts over PNG pipeline (which I think will get up) and the oil and gas price dropping (which I think is temporary). Would like to know the current pe at this price actually. Would be pretty low. MS any idea?
chicken said:OVERSOLD>>>>price target..$4.85.....PE too low....will rise...
Chicken, for once, I might agree with you. Not because I own OSH, but because of the current fundamentals of the company. sp has been smashed for 2 reasons: Doubts over PNG pipeline (which I think will get up) and the oil and gas price dropping (which I think is temporary). Would like to know the current pe at this price actually. Would be pretty low. MS any idea?
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Re: OSH oversold
I put up some numbers in an earlier post using a SP of $3.32. Here are the same numbers using a SP of $3.20
The half yearly report to June 06 shows earnings for the 6 Months of US33.2c/Shr equivalent to AUS43.6c/Shr.
However, US22.9c was attributable to abnormal items, namely the sale of asssets to AGL, which will not be repeated.
The actual profit for the 6 months from ongoing operations was US10.3c. If profit for the second half is similar to the first half, (excluding the abnormal items for the 2nd half), this will give them first half US$33.2 + second half US$10.3 = US43.5c/Shr, equivalent to AUS57.2c/Shr & at a SP of $3.20, a PE of 5.6.
If you were to exclude abnormal items entirely & only consider the ongoing operations, profit for the year would theoretically be 10.3+10.3=US20.6/Shr, equivalent to AUS27.1c/Shr & a PE of 11.8 based on a share price of $3.20
kennas said:
I put up some numbers in an earlier post using a SP of $3.32. Here are the same numbers using a SP of $3.20
The half yearly report to June 06 shows earnings for the 6 Months of US33.2c/Shr equivalent to AUS43.6c/Shr.
However, US22.9c was attributable to abnormal items, namely the sale of asssets to AGL, which will not be repeated.
The actual profit for the 6 months from ongoing operations was US10.3c. If profit for the second half is similar to the first half, (excluding the abnormal items for the 2nd half), this will give them first half US$33.2 + second half US$10.3 = US43.5c/Shr, equivalent to AUS57.2c/Shr & at a SP of $3.20, a PE of 5.6.
If you were to exclude abnormal items entirely & only consider the ongoing operations, profit for the year would theoretically be 10.3+10.3=US20.6/Shr, equivalent to AUS27.1c/Shr & a PE of 11.8 based on a share price of $3.20
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Re: OSH oversold
Chicken how many trucks have you got :screwy:chicken said:Hugh volume..+ opened at $3.50......I told you to LOAD UP THE TRUCK AT $3.03......easy money here....target price $4.85.....could even go higher....
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Re: OSH oversold
this is good I will buy more at .65chicken said:Hugh volume..+ opened at $3.50......I told you to LOAD UP THE TRUCK AT $3.03......easy money here....target price $4.85.....could even go higher....
The PE is based upon next few year's sales which is mostly from gradually decreasing oil production until 2010+ when they could transform into a mostly gas company.
Depending on the gas outlook they could fall even further or go all the way up. The worse case senario is if they put the gas back on the shelf for another 10yrs which is unlikely at this time.
Here's a chart from their presentation(this is the best case senario for them. The big bits: LNG, petrochemicals, are gas related)...
Depending on the gas outlook they could fall even further or go all the way up. The worse case senario is if they put the gas back on the shelf for another 10yrs which is unlikely at this time.
Here's a chart from their presentation(this is the best case senario for them. The big bits: LNG, petrochemicals, are gas related)...
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This is the present situation...BUT....the new drillings they are doing are NOT even included in their presentations...in EGYPT,IN IRAN,AUSTRALIA.Plus they got a huge pot of $$$$$ nearly $600million in the bank....as I said before...I loaded the truck as far as the other poster at 65cents...well stupidity does not make money..you snooze you lose..which most of you have....and posting stupid remarks just shows you got no idea what you are saying....if you want to learn well start listening to good advise..but always DO YOUR RESEARCHniknah said:
The gas projects are all big multi billion dollar things, they're going to need $600mill and more to put it together, but they'll probably do something else with it if the gas doesn't go ahead.
Here's one with the oil that they may or may not find(not sure if they've started the new PNG explorations yet)...
Here's one with the oil that they may or may not find(not sure if they've started the new PNG explorations yet)...
Attachments
You forgot to mention...OSH has the PNGGoverment as major shareholder... because of that getting $$$ is NO PROBLEM....Goverment guranteed....you see what the real situation is...and as some one said about a takeover forget that as the PNG Goverment does NOT sell its stake in the company...so you can see there is more in play than just the shares...PNG Goverment decides who gets what...and OSH will get ALL the cream because of the Goverment Share holding...better believe that...I know as I spend some time there....niknah said:
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No more personal insults please. I've deleted two posts in this thread already.
Lets stay civil and on topic.
Lets stay civil and on topic.
Great volume nearly 20million shares traded for the day....good rebounde of lows...as oil not falling much further...and the stock featured at Smart Investor...will rise..brokers have a price target of $4.85....great trading stock as it has a great swing per day...I am holding as upside potential is great...as far as takeover...PNG Goverment DOES NOT SELL its shares...wise move...as this share came from nothing to $4.89...and now on its way back...Chinese will cut a deal here with the company to obtain access to its gas...as its in the Chinese intrest to do so...also the company is in Egypt,Iran,Australia...as far as the pipeline may now instigate the shorter version...LPG plant will be build in Port Morsby....by the Chinese..so they have got a lot on their plate...OSH is the greatest earner for PNG...so make your research but as the brokers say the company is worth a lot more than present price....it will all gel...in time...and great little div at present....a share which should be on everyones watch list...I recently bought in at $3.03..when I said LOAD UP THE TRUCK....
Sean K
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Article in Fin this am saying there was a rumour floating around Friday that a Chinese consortium were looking at a $5.00 takeover of OSH. I like these sort of rumours. Wonder how the market will react today.
GreatPig
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Sean K
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Your charts are so much prettier than mine GP.
Up 5% today. Unusual. Perhaps just recovery for the next leg down when oil goes to $40 bb. Not likely.
Come on China! You need OSH! At $5.00!
Up 5% today. Unusual. Perhaps just recovery for the next leg down when oil goes to $40 bb. Not likely.
Come on China! You need OSH! At $5.00!
Hope you are right...see they found traces of oil in Egypt...still drilling further..some one must know its positive...big buyers buying big...see volume...could also be the yankees....wanting in....this one is ready to pop north...yep bring on the $5....niece one.....as I said before..load up the truck at $3.08...I didkennas said:
GreatPig
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Actually I have 6%, but yesterday was down 5.7%, so just recovering yesterday's fall.kennas said:
GP
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