Woodside, page-2133

Well here's a couple of things I think management have down well:
- reduced cost per barrel in a highly inflationary environment
- delivered Sangomar on schedule
- sold down Scarborough at strong valuations to long term partners, also resulting in additional offtakes
- identified and purchased a distressed US LNG asset that will perform very well over the long term with opportunity for sell down
- merged with the bhpp assets.

Meanwhile, my overall return on Woodside investment still sits at 14.03% per annum over the last 5 years.

As a cyclical stock, all you can do is manage entry and exit timing. And right now represents opportunity. No need to be stoic, just patient in this game.