“gas projects requires huge amounts of capital (billions) and expenditures (and risk)”
That’s right - people that have bobbed up on this thread moaning about WDS ‘super profits’ don’t understand this stuff and they don’t understand commodities cycles.
They are happy to see a commodities based company suffer through the bad times, laying off workers, no returns on investment etc etc ....then when prices are up they want to tax the shite out of them.
Well doing that removes all incentive to invest capital and take risk - why would you bother if that’s what the future held?
Our western lifestyles would completely fall apart if you applied this logic across all business and enterprise.
......and then of course there’s the green element to what they’re saying as well ....wanting to pull the rug out from under
the industry at every opportunity.....failing to realise and failing to accept that oil and gas will be massively
important commodities globally for a good couple of decades yet.
Typically dumb and reactive left wing thinking.
- Forums
- ASX - By Stock
- WDS
- Windfall tax
Windfall tax, page-36
-
-
- There are more pages in this discussion • 29 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WDS (ASX) to my watchlist
(20min delay)
|
|||||
Last
$24.13 |
Change
0.030(0.12%) |
Mkt cap ! $45.81B |
Open | High | Low | Value | Volume |
$24.34 | $24.43 | $24.13 | $59.69M | 2.456M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 511 | $24.13 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$24.15 | 1755 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 511 | 24.130 |
6 | 4766 | 24.120 |
3 | 9920 | 24.110 |
26 | 30370 | 24.100 |
2 | 1550 | 24.090 |
Price($) | Vol. | No. |
---|---|---|
24.150 | 1755 | 1 |
24.160 | 1000 | 1 |
24.180 | 100 | 1 |
24.190 | 100 | 1 |
24.200 | 100 | 1 |
Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
Featured News
WDS (ASX) Chart |