Woodside, page-925

Hi Tic,

Not sure what you are on about? Your comments:

"Why is the shareprice crashing?....... with more trouble in the middle east the share price crashes. Could it go to $10?"

Is the share price crashing? Woodside opened on Jan 1 at 31.05. They are today at 29.19. So the share price has moved -5.9% YTD is that a "crash"??? In the same period they paid a dividend of $.91 per share. Fully franked that is $1.30 for a divvy of 4.2% so overall a shareholder could be said to be down 1.8% if they value their shares in the short term. It is nonsensical to refer to this as a crash.

And for those of us who bought at $20 or below do you really think we are worried about day to day movements? I have enjoyed 6 quite chunky dividends since the original purchase moving my net cost lower and lower. Looking forward to many more divs.

Will it go down to $10? Sure just as soon as oil drops from $88 to $38 and NG drops to $1. Are you predicting that?
With NG dropping from 3.80 last year to 1.75 today seems to me more likely to hold or go up rather than further down.

Your comment
The day BHP shed WDS the BHP share crashed some about $54 to $38..... they werent free, youve paid for them with the shocking crash in BHP on that day, and if you bought more you should be asking the board what is going on"

Perhaps you would consider posting your concerns about the BHP share prices on the BHP board. (Sorry in advance to the to the BHP holders.)


You also mentioned:

Ah....Qatar who produces much more than Australia must be near Perth….

Russia must be selling hesps’


Actually the USA is the big dog in NG production at 32,914,647,000 MMcf. Russia produces 22,000,000,000.
Qatar who only produces 6,000,000,000 MMcf is sort of a rounding error. (Natural Gas Production by Country - Worldometer (worldometers.info)

Can the USA keep it up? Unsure - with the Biden admin making it very difficult to open new NG production sites... and more recently stopping new export approvals will their export volumes drop off? https://oilprice.com/Energy/Natural-Gas/Bidens-LNG-Pause-Could-Have-a-Significant-Impact-On-Global-Energy-Security.html
The current admin in the USA appears to be more likely than not to remove some of the supply from the global market... which could be favorable for NG price rises outside the USA... and makes me think getting much lower than 1.75 is unlikely.

Cuppa