Good discussion.While the WDS share price will always be highly...

Good discussion.

While the WDS share price will always be highly correlated to the POO, I agree that the POO, on average, will be above $80 for some years. There will always be events that will move the POO around and that can always throw up some trading opportunities. WDS has some short and long term tail winds that will help support dividend and the sp
1. Sangomar oil will come on stream late next year (ST)
2. Russian oil fields are cactus. With sanctions, and loss of expertise, there will be a steep production decline (ST and LT). This reduced production will help to put a floor in the POO
3. WDS is not significantly exposed to East coast gas (ST) and the Govt's stupid, idiotic, Socialist price and production controls
4. WDS can save capital by not developing new gas wells in Bass Strait due to 3 above, and divert that capital to other projects (ST)
5. NWS is moving from production to toll operation with Equus gas being processed at the NWS facility (LT). This helps WDS to "sweat" the asset and continue to get a return on the investment.
6 Scarborough (LT)

There ale other things I have probably forgotten

HT1