Today's drop is not that bad and possibly due to macro factors (i.e. Oil futures dropping below $100). People tend to view things in isolation so they get disappointed. In this case, people are expecting a strong rise due to a strong quarterly report and when there is a drop they question maybe the report is bad and find reasons whilst ignoring other factors.
I won't worry too much about it, sure the report may not be as clear as people would like but all the info is there and it looks to be a strong inflow compared to last year's same period. Pre-trading, the indicative price for WDS was down 6% from yesterday due to oil futures contracts hitting below $100, the fact that it did not go down that low is indicative of the positives that others see in this Q2 report which creates a support level. Once the spot oil price rise again we should see a rise to around $35. In the near future, the supply remains tight and prices will continue to grow especially as winter approaches for Europe. it is a slow-moving train but the direction seems to be clear in terms of fundamentals.
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- Ann: Second Quarter 2022 Report
Ann: Second Quarter 2022 Report, page-41
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Last
$26.94 |
Change
0.070(0.26%) |
Mkt cap ! $51.15B |
Open | High | Low | Value | Volume |
$27.06 | $27.17 | $26.93 | $118.0M | 4.361M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4000 | $26.94 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$26.96 | 1647 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4000 | 26.940 |
9 | 5867 | 26.930 |
4 | 2550 | 26.920 |
12 | 14786 | 26.910 |
45 | 32356 | 26.900 |
Price($) | Vol. | No. |
---|---|---|
26.960 | 1647 | 1 |
26.980 | 6321 | 1 |
27.010 | 899 | 2 |
27.020 | 5056 | 1 |
27.040 | 16861 | 2 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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