March has been a good month for energy stocks around most world...

March has been a good month for energy stocks around most world markets. Clearly some rotation is going on here as the price of oil ticks upwards.

Unfortunately WDS operates in one of the most restrictively woke/green jurisdictions in the world. It is 5% or thereabouts above its mid March low but pretty well flat for the month. Still, I’m a lot more positive about WDS right now than I have been for some time.

Markets are due for a pullback - has to be a 4% or 5% pullback at some point in the next few months - a hundred years of market history/data says so. I like WDS in that scenario - I think it would hold up reasonably well.

In any case at $30.50 I think WDS is undervalued. Given the recent rise in Brent, $30.50 represents a lagging share price. A bit over 3 months ago (mid Dec) Brent dropped to $US75. At that point the WDS share price was almost exactly where it is now. Brent closed in overnight markets at $US87.48 so the price of Brent is up 15% since the mid Dec low - surely the sp has to adjust upwards from these levels (despite Albo’s ball and chain)

Not the time to lose patience with this stock - every chance of a post Easter surge.