WDS 0.91% $25.17 woodside energy group ltd

Woodside - times are a changing, page-59

  1. 1,724 Posts.
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    It's no joke but I might be have been slightly drunk. More to the point of my poor statement and your candid response is that we both want more details, so please allow my poor soul to ellaborate somewhat...

    I've bought WPL on and off regurlarly since 2003. I think WPL is one of the best run, most stable and secure investments one could make but you have to understand the immediate and long-term cycles. The reason I think WPL is buyable at 15.20 is that I think there is a real chance it might get there. In April, 2016 I remember WPL fell to as low as 23.56 from a high of 68.08 in mid-2008. Just think about those two numbers and the time difference to 2020 at 28.00 and add in fed bubbles, coronavirus, how low rates are and everything else.

    Either way you cut it, WPL is cheap but the market is not given the fear factors. That said, gas or oil are not going away any time soon. I built a half a million dollar home in Berlin Germany with all the bells and whistles and guess what - to obtain reliable heating and energy, I still had to install a gas based floor heating system (radiant) subsidized by solar. Half my heating and hot water comes from the sun but the other half is gas and this is the best standard of reliable energy efficient affordable housing in 2019.

    Oil is the past, that's clear, but gas is still well into the future...

    Oil and gas will recover as many newly built northern hemisphere houses still rely on it, and frankly anything electric is still early days. We have not so much sun in the north where people live and there are many issues around infrastructure, automation laws and insurance etc. It's more like a pipe dream but gas is real.

    Horsetrade if your listening, I am pondering a comeback.

    Last edited by BerlinBusiness: 04/03/20
 
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