In theory the assumption would appear correct, but WDS has a history of bucking the trend. Given the activist legal tie up with Scarborough and the NWS now presented at the federal approval process, coupled with Senegal . This will more than likely weigh heavy on the SP as investors will possibly continue to sit on the sidelines. Would be great if a HC member would be able to track State Street holdings for the past and coming weeks for WDS. State Street is one of Aramco’s main financial platforms, so it would be reasonable to suggest if large buyins are observed, maybe a signed agreement has been reached. Geopolitics should be favourable for O&G this week with Iran repositioning its uranium enrichment for the preparation of war with Israel . An unfortunate reality.
WDS Price at posting:
$22.94 Sentiment: Hold Disclosure: Held
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