Some great posts/thoughts above, thanks all. Wish I could be as insightful
In the end, my "thesis" at buy time was "negative oil prices can't be a thing forever" lol
If (big if) a $3 AUD dividend rate per year is sustainable, at current price, the div yield is around 8%. Looking over the last 10y in TIKR, the fwd div yield of WDS has hovered between 4-7%. Unless you think that oil/gas are gonna be significantly re-rated upward valuation wise (which I don't), or that the earnings/FCF of WDS is going to grow dramatically, I think that a reasonable price based on div yield is maybe 6%, which would give us a WDS price of $50 p/s. Please correct my maths if I've failed somewhere
Similar to you heatherbelle, I'm thinking about lightening up as we approach $40 and maybe bailing out completely in the low $40's. Can't go broke taking a profit right. But at the same time, with all the O&G underinvestment and "ESG" BS, I can't help but think that maybe O&G prices march upwards and WDS trades at $80 in 2025 haha
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Last
$28.04 |
Change
0.075(0.27%) |
Mkt cap ! $53.24B |
Open | High | Low | Value | Volume |
$27.82 | $28.12 | $27.82 | $35.48M | 1.268M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 4849 | $28.03 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$28.04 | 1 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 2453 | 28.020 |
12 | 6909 | 28.010 |
17 | 12136 | 28.000 |
7 | 5883 | 27.990 |
7 | 3923 | 27.980 |
Price($) | Vol. | No. |
---|---|---|
28.030 | 2194 | 6 |
28.040 | 5846 | 12 |
28.050 | 5084 | 14 |
28.060 | 5638 | 11 |
28.070 | 4716 | 12 |
Last trade - 11.40am 26/06/2024 (20 minute delay) ? |
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WDS (ASX) Chart |