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Share price falling as oil sneaks closer to US $58 contingent price?

  1. boxhillnorth
    1,592 Posts.
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    17/12/22
    18:41
    Post #: 65353650
    Any thoughts as to share price falling?

    The Woodside contingent payment is based on a US$58 threshold I believe.

    Seemed a no brainer to receive the extra WPL money 6 months ago, but oil now in the US $70s.

    Hence not as certain to receive the contingent and market gives it a lower valuation?
    FAR Price at posting: 67.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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