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
Some great posts/thoughts above, thanks all. Wish I could be as...
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Last
$27.52 |
Change
0.270(0.99%) |
Mkt cap ! $52.25B | |||
| Open | High | Low | Value | Volume |
| $27.36 | $27.59 | $27.23 | $347.5M | 12.37M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 167313 | $27.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.53 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| WDS (ASX) Chart |