$45.00 Short-term rerate, page-78

still a good play in my view at these levels. There would have to be a massive recession for the world not to need more oil and gas. The fall in the WDS price is based on the current spot price of oil - massive swing - suggests a slow down in the world economy alright. If/when that happens, govts will be less concerned about inflation and more concerned with getting economies moving. In any event you will still be getting good yield along the way just not the obscene yield in the most recent profit result. Less risky than banks too with god knows what contagion going on there, although CBA now becoming more watchable. Interest rates are still going to rise though so need it to back down to low 89s to jump in.