Good wrap up. That’s exactly why I’m staying fairly heavily invested in WDS. The cash (and the dividends) will keep flowing for a long time yet.
The peak oil narrative will get traction from time to time and temporarily hit the share price - before the dividend yield becomes so ridiculous the buyers move in again.
Countries like India and China will continue to drag the chain on the shift to renewables (India in particular just can’t afford to engage in the ESG BS to the extent that us western countries do) and drive ongoing demand while investment lags. This will underpin the price of oil (and the WDS share price) years and years and years beyond what the peak oil brigade would have you believe. I remember them being out in force in late 2021 when the WDS sp was sub $20.
Good wrap up. That’s exactly why I’m staying fairly heavily...
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Last
$29.52 |
Change
0.120(0.41%) |
Mkt cap ! $56.05B | |||
| Open | High | Low | Value | Volume |
| $29.58 | $29.72 | $29.48 | $105.3M | 3.561M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9584 | $29.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $29.53 | 8896 | 3 |
View Market Depth
| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| WDS (ASX) Chart |