OSH.AX - Oil Search Limited

ASX - ASX Delayed Price. Currency in AUD
6.58
+0.05 (+0.77%)
At close: 4:10PM AEST
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Previous Close6.53
Open6.54
Bid6.58 x 0
Ask6.07 x 0
Day's Range6.52 - 6.63
52 Week Range6.30 - 9.23
Volume4,691,889
Avg. Volume5,290,863
Market Cap10.033B
Beta (3Y Monthly)1.58
PE Ratio (TTM)23.75
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.19 (2.98%)
Ex-Dividend Date2019-09-03
1y Target EstN/A
  • These Fundamentals Make Oil Search Limited (ASX:OSH) Truly Worth Looking At
    Simply Wall St.

    These Fundamentals Make Oil Search Limited (ASX:OSH) Truly Worth Looking At

    Building up an investment case requires looking at a stock holistically. Today I've chosen to put the spotlight on Oil...

  • Thomson Reuters StreetEvents

    Edited Transcript of OSH.AX earnings conference call or presentation 20-Aug-19 12:00am GMT

    Half Year 2019 Oil Search Ltd Earnings Presentation

  • Total’s Papua LNG Seeks to End Government Talks This Month
    Bloomberg

    Total’s Papua LNG Seeks to End Government Talks This Month

    (Bloomberg) -- The Total SA-led liquefied natural gas joint venture in Papua New Guinea is seeking to finish a new round of negotiations with the government by the end of August, while insisting that the original agreement signed with the state in April is fair and equitable to both sides.Oil Search Ltd., a junior partner in the Papua LNG project, said Tuesday it was important for the discussions to be concluded before the expiration of contract bids for front-end engineering. The validity of those bids “can be pushed out a little” but are set to expire in early September, Managing Director Peter Botten said on a conference call.The project has been in limbo since a new government, led by Prime Minister James Marape, swept to power in May pledging to get better resource deals for the country, including a $13 billion plan to expand LNG exports. Total last week rejected a request to renegotiate the Papua LNG agreement, which was proposed during talks in Singapore, according to a person with knowledge of the discussion.The Papua joint venture is competing with a wave of LNG projects around the world which are hoping to come on stream in time to meet an expected supply deficit from the mid 2020s.How Exxon’s Big Gas Plan Stirred Up Papua New Guinea: QuickTake“Activity in the sector is building and under those circumstances if you’re delayed for any length of time you’re likely to see further inflation into the cost you might incur,” Botten said in an interview.Finalization of the Papua LNG deal is necessary before talks can resume on an agreement for the related Exxon Mobil Corp.-led P’nyang project, and only once that’s concluded can both expansion projects to progress to front-end engineering and design work, Oil Search said. Further meetings between the joint venture and government representative were planned for later in the week with both sides working toward finalizing the agreement, Botten said.“The Papua LNG joint venture believes the existing terms and agreement, which were entered into in good faith, are appropriate, fair and reasonable,” Botten said in a statement earlier Tuesday to accompany the group’s first-half results. Oil Search has seen its shares fall sharply on the risk of delays to its projects in PNG amid the political uncertainty.Papua New Guinea has had a strong record for project development in the resources sector, Botten said, but he also cautioned the government. “Reviewing things can be acceptable, but it also does send shivers down investors’ spines,” he said.(Updates with Oil Search comment in fifth paragraph.)To contact the reporter on this story: James Thornhill in Sydney at jthornhill3@bloomberg.netTo contact the editors responsible for this story: Ramsey Al-Rikabi at ralrikabi@bloomberg.net, Aaron ClarkFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters

    UPDATE 1-Papua New Guinea sends team to Singapore to renegotiate Total LNG deal

    Papua New Guinea has sent a team to Singapore to renegotiate its Papua LNG agreement with French oil major Total SA, the nation's petroleum minister said in a statement on Thursday, warning the talks could end "disastrously" for the gas project. The strong language from minister Kerenga Kua marked an about-turn from a statement 10 days earlier, when he announced the new government would stand by the gas deal agreed by the previous government with Total in April, with some minor changes.

  • Who Has Been Buying Oil Search Limited (ASX:OSH) Shares?
    Simply Wall St.

    Who Has Been Buying Oil Search Limited (ASX:OSH) Shares?

    It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...

  • Total's PNG Gas Plan Faces Fresh Test as Deal Changes Proposed
    Bloomberg

    Total's PNG Gas Plan Faces Fresh Test as Deal Changes Proposed

    (Bloomberg) -- Papua New Guinea’s petroleum minister said he’s completed his review of a recent natural gas agreement with Total SA and will recommend changes, creating a potential hurdle for the delayed $13 billion effort to double the nation’s exports of the fuel.The potential changes cover both regulatory and commercial terms of the so-called Papua LNG agreement and must be approved by the National Executive Council before submitting them to venture partners, which include Exxon Mobil Corp. and Oil Search Ltd., Kerenga Kua said in an interview Thursday.Kua said he’ll send his findings as soon as Monday to the council, a top policy making body, and expects a revised agreement with the companies completed within six weeks. In response, Total’s Chief Executive Officer Patrick Pouyanne pushed back against any potential overhaul.“All issues are capable of discussion and compromise,” Kua said. “Even though we may have our wish list and they may have their wish list, finding the middle ground where all of us can benefit is an important principle.”Oil Search shares added 0.6% to A$7.09 as of 10:43 a.m. in Sydney and are headed for a 6.3% rise this week. The Australia-based producer declined to comment. Exxon didn’t respond to requests for comment.“We are confident that it’s in the best interest of PNG to respect the agreement that has been signed in order to move forward with the project,” Pouyanne said on a conference call Thursday. “We expect the new government to respect” the deal signed by its predecessor, and Total has “many” LNG projects in its portfolio.Political Flash-PointSeparately, Newcrest Mining Ltd., Australia’s top gold producer, and Harmony Gold Mining Co. said they are facing a hurdle with the development of the $5.4 billion Wafi-Golpu gold-copper project in PNG amid heightened political uncertainty. The delay in permitting is associated in part with legal proceedings between national and provincial authorities and the PNG government continues to signal support for the project, Newcrest said in a statement Thursday.Liquefied natural gas exports have developed into a political flash-point for the country as its existing venture, the Exxon-led PNG LNG project, has been criticized as not benefiting the domestic economy as much as expected. The nation’s new prime minister, James Marape, swept to power in May amid a wave of criticism of the Papua LNG deal signed by his predecessor. He tasked Kua with reviewing the agreement after appointing him petroleum minister in June.“For too long we have allowed external forces to dictate the direction we take,” Marape said Thursday at the Lowy Institute in Sydney. The government must work with its partners “to ensure a fair and equitable distribution of our resources.”In the interview, Kua described the suggested changes as a “short list,” but declined to provide specifics. He said he’s been in communication with the partner companies.“We haven’t rejected the signed agreement,” he said.The review has delayed plans to double gas exports from Papua New Guinea, which involves a $13 billion expansion across separate but interlinked projects. Talks on the second gas agreement, for the Exxon-led P’nyang venture, won’t begin until the Papua LNG deal is revised, Kua said.Oil Search said last week that it expects front-end engineering and design work on new LNG production units to be pushed back pending those agreements. That may move a final investment decision until as late as 2021, which puts the expansion projects at risk of greater competition for building resources and customers, according to analysts at Sanford C. Bernstein.Marape said his government assembled a group of advisers to assess the country’s resource laws to find the right balance between encouraging foreign investment and boosting local involvement in the sector.(Updates with share price in 5th paragraph.)\--With assistance from James Thornhill, Francois de Beaupuy and Ranjeetha Pakiam.To contact the reporter on this story: Stephen Stapczynski in Singapore at sstapczynsk1@bloomberg.netTo contact the editors responsible for this story: Ramsey Al-Rikabi at ralrikabi@bloomberg.net, James Herron, Rakteem KatakeyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters

    RPT-UPDATE 3-Papua New Guinea could renegotiate Total deal - Petroleum minister

    Papua New Guinea's petroleum minister said a gas deal it agreed with French oil major Total SA could be re-drawn if a government review finds its terms unfavourable. The deal, for a project called Papua LNG, was agreed in April but put up for review after the prime minister who signed it was ousted in a parliamentary vote in May, following a crisis caused by discontent over the distribution of resource riches. Petroleum Minister Kerenga Kua, who was appointed to the portfolio last month by new Prime Minister James Marape, said he wanted to increase the government's share of resource revenue.

  • Why Oil Search Limited’s (ASX:OSH) Return On Capital Employed Might Be A Concern
    Simply Wall St.

    Why Oil Search Limited’s (ASX:OSH) Return On Capital Employed Might Be A Concern

    Today we are going to look at Oil Search Limited (ASX:OSH) to see whether it might be an attractive investment...

  • Asian markets pull back as trade tensions resurface
    MarketWatch

    Asian markets pull back as trade tensions resurface

    Asian markets slipped in early trading Wednesday as trade tensions between the U.S. and China rose to the forefront again.

  • The Oil Search (ASX:OSH) Share Price Is Down 28% So Some Shareholders Are Getting Worried
    Simply Wall St.

    The Oil Search (ASX:OSH) Share Price Is Down 28% So Some Shareholders Are Getting Worried

    For many, the main point of investing is to generate higher returns than the overall market. But the main game is to...

  • Is Oil Search Limited (ASX:OSH) A Smart Pick For Income Investors?
    Simply Wall St.

    Is Oil Search Limited (ASX:OSH) A Smart Pick For Income Investors?

    Could Oil Search Limited (ASX:OSH) be an attractive dividend share to own for the long haul? Investors are often drawn...

  • Reuters

    Global LNG producers see cost risks looming over next wave of projects

    Construction delays and cost blowouts could hit the next wave of liquefied natural gas (LNG) projects as there are a limited number of contractors able to handle the huge projects, three developers said on Wednesday. Around $200 billion in projects across the globe from Australia to the United States are racing to be approved over the next two years, vying to provide around 65 million tonnes of new annual supplies that are needed by 2025, according to estimates by consultants Wood Mackenzie. "Unless you're in FEED in the next six to nine months, unless you're in FID in the next two years, there's going to be no one to build your project," Oil Search Executive General Manager Ian Munro told the conference.

  • Should You Be Adding Oil Search (ASX:OSH) To Your Watchlist Today?
    Simply Wall St.

    Should You Be Adding Oil Search (ASX:OSH) To Your Watchlist Today?

    It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

  • Reuters

    Papua New Guinea appoints reformer to crucial petroleum portfolio

    Papua New Guinea Prime Minister James Marape installed a reformer as petroleum minister on Friday, handing him a mandate to overhaul the sector and warning investors to "pack up and leave" if they did not like it. Announcing his ministries in the capital of Port Moresby, Marape said Petroleum Minister Kerenga Kua - brought in from the opposition - shared his vision for raising more revenue from the resources sector.

  • What Do Analysts Think About Oil Search Limited's (ASX:OSH) Growth?
    Simply Wall St.

    What Do Analysts Think About Oil Search Limited's (ASX:OSH) Growth?

    In December 2018, Oil Search Limited (ASX:OSH) released its earnings update. Generally, it seems that analyst...

  • Reuters

    New PNG leader "taking back" economy, puts resources firms on notice

    SYDNEY/BRISBANE, May 30 (Reuters) - Papua New Guinea's new prime minister pledged on Thursday to "tweak and turn" laws governing how natural resources are extracted to help lift the vast South Pacific archipelago out of poverty. James Marape, a former finance minister who became leader after winning a vote in parliament, put some of the world's biggest resources companies on notice over a perceived lack of wealth flowing from their projects back to communities. Marape, who hails from PNG's poor but gas-rich highlands, had even quit the government in April after questioning a deal with France's Total, which allows it, Oil Search Ltd and ExxonMobil Corp to begin work on a $13 billion plan to double gas exports.

  • Reuters

    Voting in PNG parliament shows Marape has support to be new PM

    Voting in Papua New Guinea's parliament on Thursday showed former finance minister James Marape had enough support to replace Peter O'Neill as prime minister after weeks of political turmoil over the handling of a gas development deal. Speaker of Parliament Job Pomat was yet to tally the votes but lawmakers showed their allegiances by moving over to sit on Marape's side of the house. Marape quit as finance minister in April over a gas deal with France's Total SA he called too generous to the oil major.

  • Reuters

    Papua New Guinea parliament meets to elect new prime minister

    Papua New Guinea's parliament is set to convene in Port Moresby on Thursday to elect a new prime minister after outgoing leader Peter O'Neill resigned following weeks of political turmoil sparked by natural resources deals. Four government and opposition sources say that the front-runner for the leadership is James Marape, who quit as finance minister in April over a gas deal with France's Total SA he called too generous to the oil major. It will not be clear whether he can carry the 111-seat house - or whether the turmoil will sink O'Neill's government - until parliament sits at 10 a.m. local time (midnight GMT Wednesday).

  • Turmoil deepens in PNG raising concern of gas plan delay, hitting shares
    Reuters

    Turmoil deepens in PNG raising concern of gas plan delay, hitting shares

    SYDNEY/MELBOURNE (Reuters) - Political turmoil in Papua New Guinea deepened on Monday as the opposition raised doubts about an offer from Prime Minister Peter O'Neill to resign and vowed a long fight to get rid of him as uncertainty knocked shares linked to its resources sector.

  • Reuters

    PNG opposition says new defections mean it has enough support to oust PM

    Opponents of Papua New Guinea (PNG) Prime Minister Peter O'Neill said on Friday they had mustered enough support in parliament to oust him over a range of grievances including a gas deal with France's Total , which critics have questioned. Political instability is something of a fixture in the resource-rich but poverty-stricken South Pacific nation and O'Neill, who has been leader since 2011, has seen off previous attempts to topple him. "It'll only be a formality," defecting Commerce Minister Wera Mori told Reuters, referring to what he said would be O'Neill's removal after parliament reconvenes on Tuesday.

  • Estimating The Fair Value Of Oil Search Limited (ASX:OSH)
    Simply Wall St.

    Estimating The Fair Value Of Oil Search Limited (ASX:OSH)

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! How far off is Oil Search Limited (ASX:OSH) from its intrinsic value? Using the most recent financial...

  • Thomson Reuters StreetEvents

    Edited Transcript of OSH.AX earnings conference call or presentation 21-Aug-18 1:00am GMT

    Half Year 2018 Oil Search Ltd Earnings Presentation

  • Thomson Reuters StreetEvents

    Edited Transcript of OSH.AX earnings conference call or presentation 19-Feb-19 12:00am GMT

    Full Year 2018 Oil Search Ltd Earnings Presentation

  • How Much Of Oil Search Limited (ASX:OSH) Do Institutions Own?
    Simply Wall St.

    How Much Of Oil Search Limited (ASX:OSH) Do Institutions Own?

    A look at the shareholders of Oil Search Limited (ASX:OSH) can tell us which group is most powerful. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller comp...