Yes WDS has been hammered. I bought heavily yesterday and day before because management is recognising reality. China is massively committed to climate change and is seeking to transition the world to renewable energy. It recognises NOW as transition time. WDS sees the writing on the wall.
Another point of view Macquarie.................Outperform Woodside Energy Clean ammonia pivot, gearing up for growth Key Points • WDS acquiring OCI's 1.1mtpa low carbon ammonia plant in Beaumont, Texas, for US$2.35bn (80% payable 2H-24, 20% on plant completion). • When combined w/Driftwood and Trion, WDS gearing is heading to 25%, above its 10-20% gearing range (lower div payout is possible). • We believe timing of deal clearly driven by OCI's sale process and ability to become an early mover in the low carbon ammonia market
WDS Price at posting:
$25.12 Sentiment: Hold Disclosure: Held
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