Woodside, page-1089

Wds, upto 24th Apr, has 0.7% short postion in total according to ASIC report. That equates about 13-14 million of physical stocks shorted. There also have a large amount of put options. I don’t have this stats. The option trader or short seller can borrow shares from super funds and sell them on asx to drive down the price. And then buy them back at lower prices or exercise their options. Super funds charge stock borrowers a lease rate to make some profits as super funds are long term investors and don’t change their positions so frequently. The same applies to stock pop up and short sellers must cover their positions to minimise their losses. The trigger for Wds to pop is the new discovery of oilfield or paying the high divies, including special one, or on market buy back. In the end, yield will dictate SP.