I think what's going on with oil and gas stocks are traders pricing in a recession / depression spurred on by rate rises and thus lower demand for oil and gas.
My two cents is that the above scenario is overblown. This sell-off will in all likelihood be more of a dot-com crash (I would call it a 'dot-eth' or 'dot-io' crash or 'dot-com 2.0' crash).
Woodside (WPL) Strategic Valuation, page-106
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Last
$26.61 |
Change
0.545(2.09%) |
Mkt cap ! $50.78B | |||
| Open | High | Low | Value | Volume |
| $26.31 | $26.84 | $26.26 | $135.6M | 5.100M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 2416 | $26.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.61 | 3020 | 19 |
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| Last trade - 14.56pm 04/10/2024 (20 minute delay) ? |
| WDS (ASX) Chart |