Another reason I continue to hold WDS is the insurance it provides against a blow up in the Middle East. Yes a blow up would blow up my portfolio but WDS would be a handy hedge with Brent taking off.
I find it extraordinary that the market appears to be disregarding this Middle East risk at the moment with Brent below $US80. Because there hasn’t been any major escalation for so long now the market has become very complacent…..a dangerous thing. Iran still haven’t retaliated to the recent assassination ….and they did PROMISE to.
In the meantime …….hoping for a good set of numbers out of WDS next week and another juicy FF dividend - let’s not forget WDS has had one of the best dividend yields on the ASX for two or three years now and I think this will continue to be the case for some time yet.
At $26 it looks pretty undervalued to me …..and plenty of brokers still have it valued north of $30.
Woodside, page-1807
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Last
$24.05 |
Change
0.270(1.14%) |
Mkt cap ! $45.66B | |||
| Open | High | Low | Value | Volume |
| $23.82 | $24.09 | $23.76 | $106.1M | 4.408M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 17393 | $24.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $24.05 | 4691 | 1 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| WDS (ASX) Chart |