03-25-2014, 03:46 PM
The Independent State of Papua New Guinea acquired 149.39 million shares in Oil Search Limited at A$8.20 per share on February 27.
The current Oil Search share price is A$8.53.
That's a profit of A$49.3 Million in less than a month.
Equivalent to US$ 45.0 Million.
What are the "odds" that OSH share price will dip below (and stay below) A$ 8.20 in the future once they establish the ca$h flow from their share of the PNG LNG Project?
Small to my opinion.
This was an excellent investment by PNG.
The current Oil Search share price is A$8.53.
That's a profit of A$49.3 Million in less than a month.
Equivalent to US$ 45.0 Million.
What are the "odds" that OSH share price will dip below (and stay below) A$ 8.20 in the future once they establish the ca$h flow from their share of the PNG LNG Project?
Small to my opinion.
This was an excellent investment by PNG.
Drivel Maven with Personality