Hi Copper's.
I've decided to take a medium term play on oil & gas on the ASX. Been holding for about 2 months now have have closely kept watch on the relative movements between Santos, Oil Search and Woodside. For about 2 months I have regretted taking a position in WPL over STO! But I think in the longer term WPL will emerge as the winner.
Today is the first time in a while (of the 2 months I have been closely watching) that WPL has seen a gain that is significantly larger than OSH and STO. Usually the three move in unison with STO typically moving by the largest magnitude (% wise).
At time of writing - OSH -1.83%, STO 0.00%, WPL 1.95%
Can anyone offer an explanation or theory behind this? It seems to me like its a good buy signal. Perhaps something to do with "OSH Signals US$250 Million-US$300 Million Impairment Charge" implying that the smaller guys are suffering but WPL will weather the storm? Doesn't quite explain STO being flat, though.
Bit confused - any insight / theory would be great. Thanks
Unusual margin going the way of WPL over STO and OSH today?
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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 |