'Palm' pid='71431' datel Wrote:"In any event the biggest downside to overturning this deal, other than another short term stock buying opportunity, is OSH's ability to pay Pac LNG and still have money to fund construction" Art, what is this statement based on? Have you reviewed OSH's most recent financials? They have strong positive cash-flow beyond needs for operations, debt service and capital expenditures. Its required US$19/barrel to have just break-even cash flow is very safe. Their 42% gearing is entirely from non-recourse PNG LNG debt which is being easily carried. Interesting comment you make.
Palm -
Great. Just what I wanted to hear from someone.I got lots of answers. Thanks to all. I have feared this deal HAD to happen for OSH to stay afloat. My worlst case scenario was OSH stock in trouble resulting in political problems for O'Neill. Now I feel even better voting Blue, voting No,