Australian (ASX) Stock Market Forum

OSH - Oil Search

chicken said:
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 did
Will be an intresting day today.....OIL up..Gold up.....hope some of you got on this one..also great trading stock for trading...I am holding as when the announcement out..what will it be worth????? lololololol :2twocents
 
See oilsearch..has now got oil in Egypt....just discovered....and now the other new fields coming up... :2twocents
 
chicken said:
See oilsearch..has now got oil in Egypt....just discovered....and now the other new fields coming up... :2twocents
Long and strong..just keeps going higher....sold a few...but price keeps climbing....what is it worth....going higher by looks of things.... :2twocents
 
champ2003 said:
LOL ramp ramp ramp!
This one does not need to be ramped...see volume and see price...I will buy some more on any weakness....Maquarie have a target price of $4.85....
 
chicken what do you mean "see volume and see price" OSH has been trading at below average vol for months apart from a few days in August. porkpie
 
Sorry chicken you are right. It doesn't need to be ramped. I was only joking because no-one else seemed to be chatting about it and you seemed to be talking to yourself. I agree OSH is a good stock. I made heaps out of it. I bought it at $1 and sold for $3.30 way back. Good luck with this one as its a good long term stock.
 
champ2003 said:
Sorry chicken you are right. It doesn't need to be ramped. I was only joking because no-one else seemed to be chatting about it and you seemed to be talking to yourself. I agree OSH is a good stock. I made heaps out of it. I bought it at $1 and sold for $3.30 way back. Good luck with this one as its a good long term stock.
By the way I heared Chevron BUYING all shares they can get...hold on to your shares something is up for sure.......as Macquarie put a value of $4.85 at least on the shares.
 
Technically there's a possible inverse H&S pattern completed on Friday. Upside target would be about $4.

Cheers,
GP
 

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sleeper88 said:
does the $4.85 valuation factor in the successful development of PNG pipeline project?
NO, just the company as it stands....see Mcquarie report....AS IS...the pipeline will add further impetus..see what I said about cHEVRON OIL IN the USA...are buying big..see sales of 20million shares sold on friday....its all going to happen for OSH shareholders...Great pig....more than your forecasted $4..+++++ I say , from the Chicken...
 
Trading halt did occour today -
Notice received at 11:09
Resumed at 11:21
Reason - announcement of 3Q Activities Report
 
sails said:
Trading halt did occour today -
Notice received at 11:09
Resumed at 11:21
Reason - announcement of 3Q Activities Report

Strange indeed!
Why a Trading Halt? Something fishy going down here..
 
now trading at $3.43....and rising picked up more at $3.40.....anyone short here will lose money for sure
 
chicken said:
NO, just the company as it stands....see Mcquarie report....AS IS...the pipeline will add further impetus..see what I said about cHEVRON OIL IN the USA...are buying big..see sales of 20million shares sold on friday.......


Not true.

The value prescribed to the monetisation of the PNG gas by way of pipeline or other options in the Macquarie model is above $1.00 of the $4.85 valuation.

You are still getting all the gas for free at the moment, so it remains a stunning deal, but the existing operations are not worth $4.85.


Any colour able to be added to the Chevron comments?

Volume has been excellent and the price resilient against falling oil price - but I haven't heard anyone mentioning Chevron.

1.1 billion on issue - 5% will be 55m shares. They must be close if they are "buying all they can get their hands on"
 
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