March has been a good month for energy stocks around most world markets. Clearly some rotation is going on here as the price of oil ticks upwards.
Unfortunately WDS operates in one of the most restrictively woke/green jurisdictions in the world. It is 5% or thereabouts above its mid March low but pretty well flat for the month. Still, I’m a lot more positive about WDS right now than I have been for some time.
Markets are due for a pullback - has to be a 4% or 5% pullback at some point in the next few months - a hundred years of market history/data says so. I like WDS in that scenario - I think it would hold up reasonably well.
In any case at $30.50 I think WDS is undervalued. Given the recent rise in Brent, $30.50 represents a lagging share price. A bit over 3 months ago (mid Dec) Brent dropped to $US75. At that point the WDS share price was almost exactly where it is now. Brent closed in overnight markets at $US87.48 so the price of Brent is up 15% since the mid Dec low - surely the sp has to adjust upwards from these levels (despite Albo’s ball and chain)
Not the time to lose patience with this stock - every chance of a post Easter surge.
- Forums
- ASX - By Stock
- WDS
- WDS - An Easter Bunny Buy
WDS - An Easter Bunny Buy
-
-
- There are more pages in this discussion • 58 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WDS (ASX) to my watchlist
(20min delay)
|
|||||
Last
$27.52 |
Change
0.270(0.99%) |
Mkt cap ! $52.25B |
Open | High | Low | Value | Volume |
$27.36 | $27.59 | $27.23 | $347.5M | 12.37M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 167313 | $27.51 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$27.53 | 2000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 27.510 |
5 | 3240 | 27.500 |
1 | 726 | 27.480 |
1 | 25 | 27.470 |
1 | 1535 | 27.460 |
Price($) | Vol. | No. |
---|---|---|
27.560 | 1000 | 1 |
27.600 | 6651 | 10 |
27.610 | 582 | 1 |
27.620 | 37 | 1 |
27.630 | 1000 | 1 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
Featured News
WDS (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online