Almost all of the oil and gas companies on other indices have performed better than WPL recently?
Is there something that we are not considering? Political risk? Tech equities and crypto contagion? People pricing in global recession?
Oil and gas prices have rebounded since last week. Supply is the main issue in gas right now. People will still need gas to feed and warm / cool themselves regardless of how the world economy progresses.
WPL has strong expected dividend, Q1 revenue miss was a red herring, and there are potentially selldowns of projects during a almost historically high tide in energy prices.
Hence imo the selldown in oil and gas stocks on the ASX has been overdone. I will keep buying if it drops further.
Woodside Still a Good Bet, page-42
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Last
$27.24 |
Change
-0.290(1.05%) |
Mkt cap ! $51.72B | |||
| Open | High | Low | Value | Volume |
| $27.05 | $27.47 | $26.93 | $181.5M | 6.672M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 43921 | $27.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.28 | 37541 | 3 |
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| WDS (ASX) Chart |