Some great posts/thoughts above, thanks all. Wish I could be as insightful
In the end, my "thesis" at buy time was "negative oil prices can't be a thing forever" lol
If (big if) a $3 AUD dividend rate per year is sustainable, at current price, the div yield is around 8%. Looking over the last 10y in TIKR, the fwd div yield of WDS has hovered between 4-7%. Unless you think that oil/gas are gonna be significantly re-rated upward valuation wise (which I don't), or that the earnings/FCF of WDS is going to grow dramatically, I think that a reasonable price based on div yield is maybe 6%, which would give us a WDS price of $50 p/s. Please correct my maths if I've failed somewhere
Similar to you heatherbelle, I'm thinking about lightening up as we approach $40 and maybe bailing out completely in the low $40's. Can't go broke taking a profit right. But at the same time, with all the O&G underinvestment and "ESG" BS, I can't help but think that maybe O&G prices march upwards and WDS trades at $80 in 2025 haha
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Last
$28.15 |
Change
0.190(0.68%) |
Mkt cap ! $53.24B |
Open | High | Low | Value | Volume |
$27.82 | $28.15 | $27.82 | $39.97M | 1.428M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 3648 | $28.14 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$28.15 | 6347 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 1869 | 28.130 |
17 | 6932 | 28.120 |
14 | 5742 | 28.110 |
11 | 6300 | 28.100 |
9 | 5148 | 28.090 |
Price($) | Vol. | No. |
---|---|---|
28.140 | 2177 | 6 |
28.150 | 9427 | 17 |
28.160 | 5638 | 10 |
28.170 | 6676 | 16 |
28.180 | 6417 | 17 |
Last trade - 12.00pm 26/06/2024 (20 minute delay) ? |
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WDS (ASX) Chart |