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)
cofi,Think about it ..... oil is in a long term bull market ......
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Last
$27.14 |
Change
0.200(0.74%) |
Mkt cap ! $51.53B | |||
| Open | High | Low | Value | Volume |
| $27.08 | $27.33 | $27.05 | $74.94M | 2.757M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11000 | $27.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.17 | 5000 | 1 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| WDS (ASX) Chart |