Citi reckons oil would tank to WTI 86 usdpb in July when Fed started 75 basis point increase of interest rate. That was 40% probability for US economy going into recession. Oil bears expect 86 being a floor. Let’s see how low this wave will go. WPL sp was 39 when oil was 70 usd back 2019. Now WDS is only low 30. Seems it does not make sense. The key, I guess, is div., 1.60 or 2 aud/share.
Jungle Drums Beating on WDS, page-54
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Last
$29.26 |
Change
0.030(0.10%) |
Mkt cap ! $55.55B | |||
| Open | High | Low | Value | Volume |
| $29.25 | $29.37 | $29.14 | $82.84M | 2.833M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 30080 | $29.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $29.27 | 1356 | 2 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| WDS (ASX) Chart |