Oil Search has released an announcement stating that the PNG Cabinet has
agreed in principle, to stand behind the LNG gas agreement.
We view this as a positive and suggest that investors monitor the short-term indicators in OSH for an approaching turning point.
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Woodside remains our preferred exposure within the energy names. We highlight yesterday’s Algo Engine buy signal in WPL and again, suggest investors watch the short-term indicators in WPL for a turn higher.
