This has me concerned:
Source GS:
Notice decline in earnings in CY 2026 (USD)
Then notice the input price assumptions for Brent Crude Oil, JKM gas and HH gas.
Then do a simple google 10yr price chart on Brent Crude Oil, JKM gas and HH gas.
Those assumptions do not seem unreasonable.
So will CY26 be the killer year for WDS.
I hold, but am not adding. No need to, the dividend has just been paid.
Unlike in times past many years ago, I don't think the market will pay up a high multiple for large resource stocks. The world has changed.
I am risk averse.
Return of my capital is more important than Return on my capital. And therefore not dollar cost averaging downwards (even though before today, with dividends, my position is not loosing)
Sorry, standing on the sidelines.
(20min delay)