Good pick-up.
In respect to your point about drivers of hedging decisions I wouldn't rule out failure to reconsider finance strategy in the current environment. For many years prior debt has been high and so hedging made sense to underpin lender exposure. But that is not the current position. WDS seem to be locked into a rollover approach to hedging rather than reconsider the value/ need for any hedging given the current balance sheet strength.
With the current market volatility hedging can lean more to a full time traders game. Not the best environment for a company's finance group making longer term hedging contracts to underpin revenue. As you point out the SANTOS decision reflects re-evaluation of the necessity for the O&G industry to underpin revenue when the Balance sheets are so strong, including cash on hand, and cash receipts are so high.
ALL IMO DYOR
Good pick-up. In respect to your point about drivers of hedging...
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Last
$28.94 |
Change
0.100(0.35%) |
Mkt cap ! $54.94B | |||
| Open | High | Low | Value | Volume |
| $29.20 | $29.26 | $28.86 | $116.3M | 4.011M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 16692 | $28.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $28.94 | 2904 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| WDS (ASX) Chart |