DankMeyMey, The ASX energy cycle is at low point ( of course it may go lower), and Oil and Gas companies have been hit hard. WDS have great assets Sangomar ( OIL), Pluto, North West Shelf, The Gulf of Mexico oil and gas production.
The Energy Transition is much and will be slower than expected and the so - called Powerful people know this, look at the Energy Troubles in Europe, now they are heavily depending on United States LNG. The Australian east coast is in desperate need of pipeline gas especially VIC and NSW, can more gas come from bass strait?
Woodside have spent too much and emphasis on " Green " which they now know is a waste of time and shareholders $$$, if the Company Concentrates on the basics Oil, Pipeline Gas , LPG , Condensates. LNG is a huge part of WDS, they dont need to keep emphasis on the Superchilled Gas, OIL Projects like Sangomar and the Gulf of Mexico are excellent. No one can say if its purely a waiting game, either way WDS has World Class Assets.
WDS Price at posting:
$23.03 Sentiment: None Disclosure: Held
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