I don't see WES going far for a very long time, it's forward PE is insanely high and that's going to take a long time to correct and hinder further capital appreciation and well, the dividend is almost as bad as a term deposit. I am not saying WES is going to go down, but perhaps years of sideways action. I am selling covered calls against WES rather than selling.
I don't mind AZJ - yes it is exposed to coal, but existing coal mines that have decades of life, the earnings outlook is stable as a result, and dividend high. Hopefully, over the years to come, they can diversify their sector exposure.
WES - what's next?, page-5
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Last
$69.85 |
Change
-0.150(0.21%) |
Mkt cap ! $79.10B | |||
| Open | High | Low | Value | Volume |
| $70.17 | $70.44 | $69.68 | $26.28M | 375.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 1160 | $69.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $69.85 | 221 | 4 |
View Market Depth
| Last trade - 11.58am 16/07/2024 (20 minute delay) ? |
| WES (ASX) Chart |