The company doesn't control the share price. The market is notoriously short term and trend focussed. It would explain the amount of money pouring into the most expensive bank in the world (CBA) perhaps at the expense of ignoring the resources sector nearly in its entirety. It is far too early to know if Meg's long term view will pay dividends in future. All current signs seem to indicate a shift to being a LNG powerhouse is probably a good one, whilst oil assets will keep the balance sheet in check. Despite the war talk, oil price is up quite considerably from the lows in May where everyone was losing their mind and the share price dropped into the $18 range. We make plenty of cash flow from oil being where it is currently. Would it have been good to have higher sustained prices above $70 - sure but it's not something investors can bank on. My core assumption on my investment assumes oil remains relatively flat.
WDS Price at posting:
$24.01 Sentiment: Buy Disclosure: Held
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