US futures are looking very miserable, I'm calling mid $19.50 tomorrow, going to top up some more then.
I agree with all the comments, this is a sleeping giant with all the bad news past it. Oil prices for H2 will be reflective in the results as the price for brent has been consistently between $40-$45 since July. This coupled with most economy's being open just means more profit through higher oil prices and demand for oil. Sure, we aren't at the $60 per barrel and we aren't at the same level of demands as pre-covid, however, being such an efficient business profits are in sight. They have clearly used H1 as an opportunity to flush out any impairments.
Woodside is also in a prime position to capitalise on smaller oil companies with such large cash reserves and facilities. Unlike other oil stocks as well, this hasn't even capital raised! Dilution is minimal.
I think the H2 result will surprise the market and should see this stock pick up, until then it will just ride the waves of uncertainty.
Patience is a virtue, in 3 years time we will be laughing with at least 50-60% gains, plus dividends.
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Last
$28.94 |
Change
0.100(0.35%) |
Mkt cap ! $54.94B |
Open | High | Low | Value | Volume |
$29.20 | $29.26 | $28.86 | $116.3M | 4.011M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 16692 | $28.93 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$28.94 | 2904 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | 28.910 |
4 | 8704 | 28.900 |
1 | 1000 | 28.880 |
1 | 1 | 28.860 |
10 | 14680 | 28.850 |
Price($) | Vol. | No. |
---|---|---|
28.960 | 662 | 1 |
29.000 | 498 | 2 |
29.010 | 2042 | 1 |
29.030 | 941 | 3 |
29.040 | 4100 | 1 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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