Oil Search finds InterOil
Oil and gas company Oil Search Limited (ASX: OSH) announced today it would look to acquire InterOil Corp for US$2.2 billion. Both companies currently have extensive oil and gas acreage in Papua New Guinea, with the acquisition resulting in the creation of a “major independent PNG oil and gas champion”. Oil Search said on Friday that the proposed acquisition offers "compelling financial and strategic upside potential" for all shareholders. Shares in Oil Search closed up 1.2% for the week. We do not own Oil Search in the investment portfolio.
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Wilson Asset Management has a track record of making a difference for shareholders and the community for 27 years and is the investment manager for nine LICs and two unlisted funds. Wilson Asset Management invests over $6 billion on behalf of more than 130,000 retail investors. Wilson Asset Management created and is the lead supporter of the Future Generation companies, the first LICs to deliver both investment and social returns.
1 topic
1 stock mentioned
Wilson Asset Management
Wilson Asset Management has a track record of making a difference for shareholders and the community for 27 years and is the investment manager for nine LICs and two unlisted funds. Wilson Asset Management invests over $6 billion on behalf of more...
Wilson Asset Management
Wilson Asset Management has a track record of making a difference for shareholders and the community for 27 years and is the investment manager for nine LICs and two unlisted funds. Wilson Asset Management invests over $6 billion on behalf of more...
Comments
Comments
Sign In or Join Free to comment
most popular
Education
How Warren Buffett has trounced “the world’s greatest hedge fund manager”
Leithner & Company Ltd