Oil Search has joined the growing club of companies asking shareholdersfor more money. In the case of energy groups its a double whammy from the impact of the COVID-19 pandemic and the stupid price and volume war between Saudi Arabia and Russia and with the US frackers a silent but important component of the collapse. Oil Search wants $US700 million (A$1.16 billion) from institutional shareholders to increase liquidity so the company can get through the current oil price slump. The new shares are being offered at $2.10, a 23% discount to the last trading price of $2.73. The company promising another big cut in costs ... (full story)