Oil Search's accelerating three year return of 21% pa has preceded a tripling of production in 2014 with a modest further rise anticipated in 2015 with new LNG...
Oil Search's accelerating three year return of 21% pa has preceded a tripling of production in 2014 with a modest further rise anticipated in 2015 with new LNG production in PNG. The company is in the midst of a strategic review to assess its future direction and priorities but the share price could now be vulnerable as the market waits to hear what the company can do to sustain returns similar to those achieved over the past three years (or even over the prior five). The chart highlights an impressive trend but also, in the more recent price action, the reason for a close watching brief over coming weeks while the price shows signs of reverting to longer term trends from the currently elevated levels.
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John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
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