Club Mulgoa

Tuesday, August 19, 2014

OSH

This is the best performing O&G stock in Australia.  By that, I mean, through slow and steady progress, not a sudden discovery of a huge amount of oil from successful speculation.

Yesterday, it announced a good profit with prediction of a rise in future income as its LNG project with Exxon Mobil keeps on producing the stuff that the Japanese and Koreans want.

Yet, its share price tumbled significantly.  Looking around, I couldn't find an explanation for it.  Hence, I topped up a small parcel.  It is already one of my biggest holdings but if it produces a dividend out of rising profit, it is very difficult to ignore the stock.

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