sit tight, avoid the temptation to sell, you'll regret it. If...

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Michaelirish

24,773 Posts.

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15/06/25

09:06

Post #: 79436405
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Originally posted by forbearance1: ↑

I think the middle east conflict implications are under estimated. The Persian gulf accounts for 50% of the world's oil and 40% gas. This is happening whilst the russia ukraine war continues. Russia produces about 17% global gas and 12% oil.

iran could directly hit US assets in the Persian gulf or have the Houtis block the Strait of Hormuz.

with both conflicts happening simultaneously, almost 60% of global gas and oil reserves are compromised.

i know I wouldn't want to be on an oil tanker in the Persian gulf.

if this conflict lasts for 6 months leading into a European winter, oil and gas prices could go anywhere.

All our woodside assets are far from both conflicts. We will benefit from constrained global supply and higher prices.

oil and gas prices are likely to reach unprecedented levels, hence so should our share price.

sit tight, avoid the temptation to sell, you'll regret it. If anything, accumlate

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sit tight, avoid the temptation to sell, you'll regret it. If anything, accumulate.........................

Always DYOR.......................but here great advice

WDS Price at posting: $25.21 Sentiment: Hold Disclosure: Held
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Last $26.22		Change 1.010(4.01%)		Mkt cap ! $50.03B

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sit tight, avoid the temptation to sell, you'll regret it. If...

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sit tight, avoid the temptation to sell, you'll regret it. If...

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