It is one of the few businesses where they may be a price taker but the price is set in USD, So if I am correct and our poorly run country bleeds real value then the only thing that protects me is a company that operates in USD. So Cochlear , CSL etc.
So this isn't for todays dividend but for 2035. Every projection still says we need a lot of oil and gas to power things in 2035. As we get near the great transition no new fields will get developed - unless you have your own cash. It will become a locked in industry.
I love those. So invest in Coles or Woolworths or the CBA but they all take prices in AUD. I always see the no MOAT ratings and think they don't get it a moat can be an ugly business as well.
WDS Price at posting:
$27.32 Sentiment: None Disclosure: Held
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