WPL is being priced for oil at $50 bbl. This seems a fair price to me as oil has already dropped 52% from its peak at $147 in only a few months and it only has to drop 66% to get to $50 bbl.
Oil below $50 bbl would mean the more expensive oil supplies like oil sands in Canada would be unecomonic significantly reducing suppy. This could only happen if we have the "mother of all recessions" to reduce demand by the required amount.
wpl buying opportunity at current levels, page-39
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Last
$25.49 |
Change
-0.010(0.04%) |
Mkt cap ! $48.39B | |||
| Open | High | Low | Value | Volume |
| $25.44 | $25.60 | $25.26 | $94.21M | 3.702M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 391 | $25.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $25.50 | 4689 | 5 |
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| Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
| WDS (ASX) Chart |