OSH - Oil Search

[Ken]

chicken is a genious.

he pointed many in the direction of AGM and thats booming. surely OSH will follow!

 

[Sean K]

chicken is a genious.

Let me pick my teeth back off the floor. LOL.

 

[Ken]

lol

wishfull thinking....
anyways

on a factual note


there was an article on PNG


http://au.biz.yahoo.com/061206/19/105co.html

basically says PNG misses boom.

so far we hope!

 

[The Mint Man]

any idea why they are seeing a drop today?

 

[Sean K]

any idea why they are seeing a drop today?

POO up 1/2 % so

 

[The Mint Man]

No One has a reply? Ok, you must be scratching your head like me
Anyway I received my Money magazine yesterday after noon and noticed that Ross Greenwood has recommended WPL & OSH as a BUY at market, at the time of writing OSH was going for $3.32. So today is a real good price IMO.
cheers

EDIT: Sorry kennas... I started writing this reply before you posted your last post but got I distracted while writing. Anyway thanks for your reply. confirms my thoughts.

 

[Sean K]

No One has a reply? Ok, you must be scratching your head like me
Anyway I received my Money magazine yesterday after noon and noticed that Ross Greenwood has recommended WPL & OSH as a BUY at market, at the time of writing OSH was going for $3.32. So today is a real good price IMO.
cheers

EDIT: Sorry kennas... I started writing this reply before you posted your last post but got I distracted while writing. Anyway thanks for your reply. confirms my thoughts.

MM, I'm long OSH, and buying into dips. This is a dip.

 

[The Mint Man]

Same here. I plan to hold for at least 3 years providing things dont go too bad of course. I think OSH will see some glory within that time, next years schedule alone should yield some good results IMO, How good is yet to be seen.
Cheers

 

[Ken]

I was planning to hold OSH long but NXS dipped below 130's. OSH is bouncing up and down. do figured get out whilst i was a little bit up and have a nibble and nexus.

bit of a fluke that osh is down and nxs is up. could be different tommorow. could easily have gone the other way.

 

[Sean K]

OSH may have found a bottom and POI is heading generally back up.

Not much news on PNG pipeline lately, and I guess the market has factored in that this is just a remote chance of getting up now. Or does anyone still think that this is essential for the company?

Chart wise, it could possibly be starting to regain some traction. If it gets to the green circle making higher lows, than I'd have to move this to the potential breakout alert thread.

 

[chicken]

MM, I'm long OSH, and buying into dips. This is a dip.

Kennas no truer word spoken...best for longterm hold good divs I am buying more.....the Sp could or will be A LOT higher in a few years..good one to sit on....their gas reserves are in billions

 

[chops_a_must]

This has held up surprisingly well given the circumstances of late. If the oil price rebounds, look out.

 

[Sean K]

This has held up surprisingly well given the circumstances of late. If the oil price rebounds, look out.

Chops, I must agree, (even though I'm holding it) Very surprising.

Why do you think that is? POI has come off a ton, PNG is looking unlikely, no other big ann of discoveries, purchases etc.....You have a theory?

 

[chops_a_must]

You have a theory?

I wouldn't have a clue. In general the oilers and energy stocks have done ok this week. Even STO has firmed up. Its long term prospects look good, with a general uptrend in oil prices still there. Apart from that, I wouldn't have a clue.

 

[reece55]

Guys

OSH has held up well. In fact, it would have to be one of the few oil/gas plays that have stood the test in the slide of the price of oil and gas....... I note that JP Morgan have taken a 5% stake and looking at the trade list, the average price would be greater than current market price. Is there something going on here???? Not sure, but watch this space. Strong support at about 2.90 and Fridays close was nice.

Cheers

 

[Sean K]

I'm not sure if POI has found a bottom yet, but this held up remarkably, after responding well to that nasty H&S a few months back. Now consolidating sideways in a pretty tight range, but looks like it might be moving higher with the MACD looking positive. Breaking $3.50 will be start of a recovery perhaps.

(holding)

 

[chops_a_must]

The volume gives this one away Kennas. If the price of oil holds up, might see a run at 3.50 tomorrow.

Edit: Or this afternoon... take your pick. (Went up another 2c as I was posting this.)

 

[The Mint Man]

I'm not sure if POI has found a bottom yet, but this held up remarkably, after responding well to that nasty H&S a few months back. Now consolidating sideways in a pretty tight range, but looks like it might be moving higher with the MACD looking positive. Breaking $3.50 will be start of a recovery perhaps.

(holding)

cant agree more,
when I bought in a couple of months ago at $3.25, for the next two days it went as low as $3.12 (from memory) on no news at all and the POO was about $61..... I thought to myself 'whats going on here?'. However the price came up quickly on the 3rd day to about what I had bought at.
Anyway, over the last few weeks I was expecting OSH to drop due to POO (which droped around $10 since then) considering what happened when i first bought in, but how wrong was I.
It has held up really well at about what I bought at ($3.25) recently. OSH has got alot going on this year. They have also recently suspended the Kareem Nubia-1 well as a 'future producer' of which they own 100%. you can see this on their drilling report dated 11 January 2007.

cheers

 

[TjamesX]

Guys the price of Oil is not the only thing moving OSH, its up 3.6% today - way ahead of other oilers.

PNG to Aus is dead
PNG to LNG is alive and well

I reckon instos are buying - all will be revealed soon

 

[TjamesX]

Surely an announcement sooner rather than later - now up 5% (edit now 5.7%) today! on good volume