Oil Search

Oil Search (OSH)

Stock Code


Stock Exchange


Oil Search Limited (OSH) is a Papua New Guinea-based company engaged in oil and gas exploration, development and production. The company functions as an operator for the exploration and production of the joint ventures and a participant in the same activity. Aside from its primary operation in Papua New Guinea, OSH also has operations in Egypt, Yemen, Iraq, Libya, Australia and Tunisia. OSH was listed on the Australian Stock Exchange on the 1st of January, 1974. Its average annual revenue reaches approximately $644 million.

Oil Search US$175.8m Profit Down 13% FY2012

Oil Search (ASX:OSH) have announced its full year financial results for 2012 to its shareholders and investors on the Australian stockmarket.

  • Oil Search have posted a Net Profit of US$175.8 million for the 2012 financial year, down 13 percent on $202.5 million in 2011.
  • OSH revenue fell to US$724.6 million from US$ 732.9 million.

Oil Search (OSH) News

Oil Search (OSH) has a target price of A$7.08/share and a recommendation to Buy/High Risk from Australian stockmarket analyst Macquarie Research Equities.

Oil Search Ltd (OSH): LNG Phase II - Hides Potential Could Underwrite Expansion

Oil Search (OSH) Update

Oil Search (OSH) has a $7.20 share price target and an Outperform recommendation with a suggested upside of up to 15 percent in the stock from Australian stock analyst Macquarie Research Equities.

Is It Too Late To Get Upside In Gas?

Australian Energy Update

Here is an Australian Energy update from Australian market analyst UBS.

What do WPL, STO and OSH look like at US$100/bbl oil price parity for LNG?

Is our LT assumption of US$10/mmbtu conservative?:

We have recently upgraded the UBS our oil price forecast by a material amount, but we have left our long term Asia Pacific LNG pricing assumption of US$10/mmbtu unchanged. Is this too conservative?

Asia Pacific LNG prices are moving towards oil price parity:

Oil Search (OSH) Update

Oil Search (OSH) has a retained Outperform recommendation and a 12 month share price target of $6.30 from Australian shares analyst Macquarie Research.

Oil Search (OSH): Energy Sector Review

Australian Energy - Oil Prices

UBS has released some of their analysts' thoughts on the Australian energy sector, especially in the area of Oil Prices. In light of the recent strength in the oil price, the analysts have reviewed two oil pricing scenarios - Futures Curve and WTI spot to determine their impact on forecast EPS, valuations and our share price targets for our Australian E&P company coverage. Scenario 1: WTI Futures curve: average WTI oil price US$75/bbl: Applying the futures curve increases 2008 EPS forecast most for Tap (+84%), Santos (+47%) and Woodside (+41%).

Sino Gold (SGX): Winner

Sino Gold (SGX) was the overall best performing stock taking in a 20.67 percent increase. Among the best performing companies for the past week (week 38 of 2007) on the Australian sharemarket were a mixture of oil & gas, metal and mining: Newcrest (NCM), Lihir Gold (LHG), Oil Search (OSH), Sino Gold (SGX), Sally Malay (SMY), Western Areas (WSA). All the above best performing stocks for week 38 managed more than 13.5 percent gain by the end of the trading week. The majority of companies in this list were mining companies.

Oil Search (OSH)

from Australian stock analyst Macquarie Research Equities. The oil company's stock price has jumped on the back of speculation of a bid. Shares in Oil Search (OSH) rallied as much as 19% in trade today after speculation emerged that the stock was in the sights of a corporate predator. In response to the press speculation in the South China Morning Post that CNPC Exploration was considering a bid of US$5bn (~A$5.50/share), Oil Search (OSH) has informed the market that it has not received any formal approach from any party regarding a takeover. The press report suggesting that CNPC (the equal joint venture between China National Petroleum Corp and its Hong Kong-listed subsidiary PetroChina) was planning to bid saw OSH rally to $4.60/share from Friday's close of A$3.85 per share before settling back to around $4.30 (up 11%).

While it would appear that this is not a signal of imminent corporate activity, it does support the view that the upside for OSH available from its large volume of undeveloped, stranded gas in PNG could be attractive to potential suitors. In previous analysts' research, they we have highlighted the possibility of takeover given the apparent increased level of appetite for LNG optionality in Asia from both Asian and international E&P companies. The recent price suggested by the Woodside:Petrochina LNG deal would support the view that China is increasingly attracted to gas importation despite the current high pricing environment. While the analysts believe the speculation may not be based on an immediate threat it does give an indication that substantial upside is available if ExxonMobil progresses with an LNG development. The New PNG Government will sit tomorrow for the first time under returning PM Sir Michael Somare and we anticipate the address to the nation will carry a strong message regarding the Governments expectations on a LNG development. Read a previous stock recommendation for Oil Search. The company was a previous Loser of the week

Loser: Oil Search (OSH)

The loser of the week for week 33 was Oil Search (OSH). This came after news regarding their PNG gal pipeline. Note the volume spike above the 50 day EMA (Exponential Moving Average) line in the days leading up to the share price spike.

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