I’ve never suggested being crazy overweight WDS is a good idea…..but its times like these that having a reasonable ‘contra’ holding of WDS in your portfolio offers some comfort.
Brent has spiked 10% on Middle East tensions - the latest 5% on the threat of Israel blowing up Irans oil infrastructure (if it goes ahead and carries that out experts are talking $US90-$US100 Brent)
Surging oil prices are all round bad for most portfolios but if you hold WDS it will obviously outperform in these times and prove a useful buffer.
This major Middle East escalation has been on the cards for months. You’d be kicking yourself right now if you’d listened to the noise and dumped your WDS holding a few weeks ago in the mid $23’s.
Red October
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Last
$26.72 |
Change
0.660(2.53%) |
Mkt cap ! $50.78B | |||
| Open | High | Low | Value | Volume |
| $26.31 | $26.84 | $26.26 | $119.8M | 4.507M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 374 | $26.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.73 | 2666 | 4 |
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| Last trade - 13.56pm 04/10/2024 (20 minute delay) ? |
| WDS (ASX) Chart |