OPINION

Slugcatcher and the problems mounting at Oil Search

IF you ever wondered what the old stock-market warning about not trying to “catch a falling knife” really means then Slugcatcher suggests a quick glance at the share price of Papua New Guinea gas specialist Oil Search, and then consider recent events in PNG politics.

Slugcatcher

Two possible changes of the guard lead to interesting times

From a high for the year of $8.40 reached in late February the Oil Search price has fallen by 10%. Other leading oil stocks have also lost ground as the price of oil has retreated, but the Oil Search drop...

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