it’s a little technical
if it breaks below $30
it’s a bit of slippery dip
you know I’ve been a Woodside bull for years so I do believe in the business
but I can’t shake the narrative, western countries will go through a recession. How deep no one knows and that is already increasing build
but we also new inventory is not coming anytime soon, so the market will be in deficit again when economies recover in 2024
all being said, $70-$80 mark for oil will be here in the medium term and if that is true. $30 is fair value and dividends will be cut like it did with BHP
my guess is anyone else’s guess in this room
my alternative bet is just buy a commodites etf.
the yield is the same around 10% and you get both oil and iron ore in the mix.
Personally I never thought we will see $70 oil with Russian still going on.. so my guess is shit anyway
it’s a little technical if it breaks below $30it’s a bit of...
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Last
$27.28 |
Change
0.110(0.40%) |
Mkt cap ! $51.79B | |||
| Open | High | Low | Value | Volume |
| $27.16 | $27.43 | $27.08 | $103.0M | 3.752M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200 | $27.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.29 | 183 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$27.26 |
Change
0.110 ( 0.41 %) |
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| Open | High | Low | Volume | ||
| $27.15 | $27.43 | $27.09 | 959566 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| WDS (ASX) Chart |