the other factor is reserves and resources have been dwindling due to the lack of global exploration - this takes years (5+l to turnaround a large offshore greenfield discovery into production.
I suspect the supply side response is going to be lucky to offset natural field decline over the next 2-3 years let alone grow production.
All good for companies that have reserves and resources like WDS does (especially since the BHP oil merger)
the other factor is reserves and resources have been dwindling...
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Last
$28.25 |
Change
-0.060(0.21%) |
Mkt cap ! $53.63B | |||
| Open | High | Low | Value | Volume |
| $28.06 | $28.26 | $28.01 | $110.8M | 3.932M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2508 | $28.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $28.25 | 13265 | 3 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| WDS (ASX) Chart |