If your personal feeling that oil should fall to $100 comes to pass then why would you consider buying WPL ?. You mention that every $1 drop is "very significant" for WPL. The stock was $55 last October when oil was around $80. Oil has risen over 50% since then and WPL is up less than 20% .... all this talk that WPL have had an unsustainable run-up is just rubbish. The shares are probably the "best value" relative to the fundamental picture of the oil markets than they have been for a long long time.
If your personal feeling that oil should fall to $100 comes to...
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Last
$24.93 |
Change
-0.470(1.85%) |
Mkt cap ! $47.33B | |||
| Open | High | Low | Value | Volume |
| $25.19 | $25.31 | $24.93 | $177.5M | 7.047M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 48759 | $24.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $25.00 | 105906 | 3 |
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| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| WDS (ASX) Chart |