Its been a long and difficult hold in Woodside.
I've sold out. If it goes to $40, frankly I will short it big time.
WTI Oil has gone from $125 to $95 in a month and WPL keeps climbing to my amazement. Was only November that it was $21. Think its ripe for selling up here. Aussie investors getting a little too excited by the merger and a temporary higher oil price. Synergies are well priced in here and 180 million barrels reserve release is going to put some continued downward pressure - the US consumes about 20 million barrels a day.
Russia will likely remain encamped in Eastern Ukraine, but India and China cannot be coerced into not buying Russian oil. Supply constraints will adjust from temporary geographical delivery contraints. Some people need to take a good look at Eastern European oil imports from Russia and get real on European sanctions on Russian oil.
WPL@$40, page-480
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Last
$27.24 |
Change
-0.290(1.05%) |
Mkt cap ! $51.72B | |||
| Open | High | Low | Value | Volume |
| $27.05 | $27.47 | $26.93 | $181.5M | 6.672M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 43921 | $27.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.28 | 37541 | 3 |
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| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| WDS (ASX) Chart |