Look to Commodity Sectors for Leadership
While Tech continues to plot higher, still mocking reversion-to-the-mean forces, sector leadership is broadening into value segments. Two...
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Market Undervalues Woodside's Optionality
We think no-moat-rated Woodside Petroleum Ltd (WPL AU) is 20% undervalued, and rate it the best value of the three large Australian exploration and...
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Santos – Harbour Energy Back to the Well?
The Australian Financial Review reported (pay-walled) on Wednesday night that Harbour Energy was tabling an A$5.30/share offer for Santos Ltd (STO...
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When Too Much Balance Sheet Stretch Is Never Enough. Oil Search Buys Alaskan Leases.
We make no change to our AUD 5.25 fair value estimate following Oil Search Ltd (OSH AU)'s acquisition of North Slope Alaska leases from Armstrong...
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Oil Search Placement: PNG Govt Exiting?
UBS and JPM are selling AUD200 million Oil Search Ltd (OSH AU) shares, as Papua New Guinea's national oil company, Kumul Petroleum Holdings (KPIL),...
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