Oil Search (OSH.ASX) remains an attractive recovery story over the next few months with a potential price target back above $7.25. This target is seen as full value and profit should be taken at this point.
The $6.30 entry level was highlighted in the monthly strategy recording and again in yesterdays mid-week video update.
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The current driver of oil prices is yesterdays announcement that OPEC reached an agreement to limit crude output. OPEC sources said the group reached a deal to cut its oil production for the first time since 2008.
Oil Search (OSH.ASX)
