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
$28.84 |
Change
0.330(1.16%) |
Mkt cap ! $54.75B |
Open | High | Low | Value | Volume |
$28.85 | $28.93 | $28.73 | $83.53M | 2.894M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2309 | $28.84 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$28.85 | 2709 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6940 | 28.820 |
3 | 3227 | 28.810 |
8 | 3086 | 28.800 |
2 | 701 | 28.790 |
2 | 9956 | 28.770 |
Price($) | Vol. | No. |
---|---|---|
28.850 | 400 | 1 |
28.860 | 4527 | 2 |
28.870 | 972 | 1 |
28.880 | 828 | 1 |
28.890 | 9756 | 1 |
Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
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WDS (ASX) Chart |