RE:RE:RE:I found out new OBE info... Will be interesting to see how this year unfolds
I would not be surprised to see an acquisition by OBE, but I would be surprised if if happened before they have redone their debt into longer term debentures and before they declare a dividend
That means Q3 or Q4
Equally I would not be surprised to see OBE be acquired by someone else (or at least an attempt made). It's tax pools alone make it a juicy target to those who think todays oil prices are the new normal
I remain convinced the recent price strength has its origin in one or more funds adjusting their sector exposure The buying is common to numerous names (with some omitted).
The start of the year is when it generally happens. With the change in announced central bank policy for 2022 you'd expect sector reweighting to occur Add in the last years a growth of part of the market - Tesla, apple etc it also makes sense that percentage exposure to that sector has increased to the point it would be trimmed back and redistributed to now historically underweight sectors.
I suspect that's why a poor EIA weekly report did nothing to the buying