a.u.s.b.i.z. com A. Geddes Fat Prophets 26.7.23 said
"...The energy stocks are looking pretty attractive, in terms of yield and PE.... The consensus amongst economists is that we are not going into a recession...that inflation is under control... a blue sky view... (should inflation or high interest rates worsen- my paraphrasing) there is a lot more protection, value to be had in resource and energy stocks".
The apparent change in sentiment amongst most analysts, re possibility of an international recession, bodes well for WHC. WHC's SP had previously been "suffering" due to the formerly widespread fears a recession was a fairly strong possibility. A recession (& market fear of an probable recession looming) usually leads to a fall in energy prices- & also a fall in energy co. SP's.
Assuming a recession does not occur (&/or it is only very minor), we have probably reached now, IMO, a near bottom, for the next c.12 months, in energy prices; & thus the likely near bottom of the SP of WHC.
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