Woodside, page-2035

There are many cases of shorters getting caught in a short squeeze due to an unexpected takeover offer, after they drive the share price down significantly and make it more attractive to potential acquirers. Fundamentally WDS has a sound balance sheet, isn't excessively geared and has successfully accessed debt markets recently to fund expansion, is still running a profit (with some hedging in place), and has the capacity to delay capital expenditure in the context of a downturn. And there are at least rumours of it being a takeover target with a much higher share price. If I was going to short a company, that's not the story of one I would target.