Thank you, barrenjoey. Precisely what I have been expressing!
Australian Oil Producers' Stock Rarely This Cheap
May 7, 2025 Australian oil producers have collectively only been this cheap once, says Barrenjoey. "However, the oil price was lower (US$40/bbl), as was LNG (US$2-4/mmBtu), and balance sheets were both higher geared and structured for higher oil prices, while growth portfolios were less diverse and carried greater execution risk," analyst Dale Koenders says. Barrenjoey upgrades Woodside to "overweight," from "neutral." That means the bank is now bullish on all three global producers: Woodside, Santos and Karoon Energy.
WDS Price at posting:
$19.94 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)