cofi,
Think about it ..... oil is in a long term bull market ... supply problems .... soaring global demand .... terrorist threats etc etc.
The trend is ...UP .... and WPL's profits will be UP (production will double w/in 5 yrs - and the market is always forward looking when factoring in the share price)
AND .... the drilling in Mauretania has not even started yet.
And if the Aussie $ softens then WPL's profits will be astronomical in an environment of high oil prices.
Nope ... I am sticking by my $23 target (and that may even be too conservative)
hits new all time high, page-3
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$24.63 |
Change
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Mkt cap ! $46.76B | |||
| Open | High | Low | Value | Volume |
| $24.95 | $24.97 | $24.57 | $153.8M | 6.223M |
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| No. | Vol. | Price($) |
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| 2 | 50453 | $24.63 |
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| $24.65 | 5000 | 1 |
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