cofi,
Think about it ..... oil is in a long term bull market ... supply problems .... soaring global demand .... terrorist threats etc etc.
The trend is ...UP .... and WPL's profits will be UP (production will double w/in 5 yrs - and the market is always forward looking when factoring in the share price)
AND .... the drilling in Mauretania has not even started yet.
And if the Aussie $ softens then WPL's profits will be astronomical in an environment of high oil prices.
Nope ... I am sticking by my $23 target (and that may even be too conservative)
hits new all time high, page-3
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Last
$24.36 |
Change
-0.340(1.38%) |
Mkt cap ! $46.25B | |||
| Open | High | Low | Value | Volume |
| $24.40 | $24.50 | $24.13 | $170.0M | 6.991M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2150 | $24.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $24.38 | 50100 | 2 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| WDS (ASX) Chart |