Intelligent Investor

Oil Search downgrade

Just as quickly as it appeared, the buying opportunity in Oil Search has gone.
By · 7 Jul 2016
By ·
7 Jul 2016 · 1 min read
Upsell Banner

Recommendation

Oil Search Limited - OSH
Buy
below 6.50
Hold
up to 15.00
Sell
above 15.00
Buy Hold Sell Meter
HOLD at $6.98
Current price
$4.04 at 16:36 (21 December 2021)

Price at review
$6.98 at (07 July 2016)

Max Portfolio Weighting
4%

Business Risk
High

Share Price Risk
High
All Prices are in AUD ($)

The opportunity to buy Oil Search came quickly and, just as swiftly, it has gone. Oil Search's share price has jumped almost 10% following the Brexit vote, enough to trigger a downgrade. We remain enthused by the drillers prospects and would again upgrade around $6.50. For now, HOLD.

IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.
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