Time for the knife catchers to make your call....fear is driving a price drop so long term anywhere is good now but adept skill in calling the bottom will maximise your returns.
My long term plan is to buy an initial tranche at 29.99 then if it falls lower will buy another bigger lump at 27.75.
I figure within 12 to 18 months the supply from US shale wells will be very depleted and current price wont justify recompletion or exploration causing a defecit in supply. Oil will return to $75 a barrel by 2017 to justify the cream of the shale wells to continue to balance supply and demand and by then WPL will be $45+. Lets see how that goes.
Always risk. Always the possibility to be a loser or winner in this market based casino.
Entry Point?
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Last
$27.25 |
Change
-0.030(0.11%) |
Mkt cap ! $51.74B | |||
| Open | High | Low | Value | Volume |
| $27.18 | $27.37 | $27.16 | $172.8M | 6.326M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1712 | $27.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.27 | 17599 | 3 |
View Market Depth
| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| WDS (ASX) Chart |