My thesis for a repricing of Woodside closer to $30 instead of $40 is based on the following fundamentals
1. Russian supply to China will only increase in the coming years, reducing demand from Australia.
2. Australia shipped rare cargo to Europe, but it took one month. We have little economic most due to cost of freight, US and Middle East are the main benefactor. If oil price is lower than it becomes more affordable, but also means the price of contracted LNG will be lower.
3.Despite China reopening; General consensus is for a slowdown in global demand in the coming year.
but having said that, I’m not seeing any new projects being approved in recent months. So hopefully oil/gas producers won’t go ape in increasing supply. Woodside need to recover their cost for Scarborough at $65+ over 5-6 years. It won’t be online for another 3-4 years… so that is anyone’s guess.
- Forums
- ASX - By Stock
- WDS
- WDS too cheap?
WDS too cheap?, page-1061
-
- There are more pages in this discussion • 329 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WDS (ASX) to my watchlist
|
|||||
Last
$27.19 |
Change
0.550(2.06%) |
Mkt cap ! $51.62B |
Open | High | Low | Value | Volume |
$27.00 | $27.39 | $26.93 | $199.9M | 7.360M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 107736 | $27.19 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$27.23 | 50 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 33 | 27.170 |
1 | 1000 | 27.160 |
3 | 5077 | 27.150 |
1 | 200 | 27.130 |
4 | 6369 | 27.100 |
Price($) | Vol. | No. |
---|---|---|
27.240 | 587 | 1 |
27.260 | 1797 | 2 |
27.330 | 895 | 1 |
27.350 | 2000 | 1 |
27.380 | 1946 | 2 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
Featured News
WDS (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online