Most oil and gas stocks worldwide have underperformed world financial stock indexes in the past 10 years. This is primarily due to oversupply from non opec countries and also shale producers.
However, I can see a game changer and share price gains of 40 percent within 2 years if Woodside increases its stake in the North West shelf infrastructure and lets 3rd party operators use the infrastructure for a fee.
That is, Woodside is not just an oil and gas producer, but also a infrastructure utility with a steady income stream
Most oil and gas stocks worldwide have underperformed world...
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Last
$28.74 |
Change
-0.520(1.78%) |
Mkt cap ! $54.57B | |||
| Open | High | Low | Value | Volume |
| $29.18 | $29.24 | $28.69 | $96.22M | 3.337M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1473 | $28.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $28.74 | 19456 | 4 |
View Market Depth
| Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
| WDS (ASX) Chart |