WDS 0.14% $28.21 woodside energy group ltd

It seems like everyone here is discussing the hedging as if that...

  1. 182 Posts.
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    It seems like everyone here is discussing the hedging as if that is the big piece of news here. I’d argue it isn’t, its unchanged and not what this is about.

    - turnaround times at offline mines (negative, production downtime)
    - depreciation calculations (positive, lowers the tax bill allowing bigger dividends and cash reserves)
    - hedging losses (already know, nothing new here, but yes negative)
    - reconfirmed 2023 production guidance 180-190 (positive, unchanged)

    I think the fact the share price swung wildly yesterday indicates the market is having trouble working out if the ann was positive or negative.

    i actually think its a positive announcement, and the market just hasn’t caught on. Strong buy from me.
 
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