Totaly agree with you Moby. I also think that this is the beginning of a sustainable rally.
While others may interpret this morning's WES announcement differently, to me it only reaffirms that they have great businesses that perform well despite an adverse economic environment and that at current sp levels WES is a great buying opportunity. I dived in this morning at $17.70 and I'm currently sitting on a nice profit. I'm looking forward to the sp climbing to $25 in the next couple of months.
The WES debt of approx. $17 billion does not concern me much. It includes $9.8 billion in long term-debt, $4 billion in trade and other payables and I think only $1.24 billion in short term interest-bearing loans that does not have to be re-financed until the 2nd half of this year.
Let's wait and see if the market proves us right.
Totaly agree with you Moby. I also think that this is the...
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Last
$66.62 |
Change
-0.660(0.98%) |
Mkt cap ! $75.55B | |||
| Open | High | Low | Value | Volume |
| $66.80 | $66.94 | $66.25 | $76.70M | 1.146M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3984 | $66.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $66.68 | 280 | 1 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| WES (ASX) Chart |