Not that relevant a comparison IMHO. FANG is a onshore shale producer in the US with wells that deplete very quickly (around 25% production decline per well per year) vs WOL's lower depletion rates (~5% per year).
Onshore shale can ramp up drilling, fracking and completions very rapidly, with production infrastructure usually in relatively close proximity, while offshore projects take a much longer time horizon.
Thus onshore US shale can respond to demand changes much more quickly.
Not that relevant a comparison IMHO. FANG is a onshore shale...
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Last
$24.00 |
Change
0.350(1.48%) |
Mkt cap ! $45.56B | |||
| Open | High | Low | Value | Volume |
| $23.74 | $24.03 | $23.71 | $125.4M | 5.243M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 477 | $23.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $24.02 | 1177 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| WDS (ASX) Chart |