I think the current price reflects hydrocarbon energy prices slow recovery. WPL will slowly recover with the oil price...... It may jump if we see good value accretion via M&A activity of course. I'm very happy with the deals walked away from and entered into in recent times.
Deals involving PNG govt would have been a signal for me to exit WPL.
I expect WPL@$30 by end of last quarter of this FY and oil price holding above $55, in 2017 I expect oil price to climb fairly rapidly in the 1Q and overshoot the $65 supply demand equilibrium price for a brief period before bouncing around that average price due to investment drought currently playing out due to low prices.
Syrian, Iraqi and Yemeni sunni vs shia proxy war escalation between Iran and Saudi Arabia to a direct confrontation could be a catalyst for an excursion to $200+ oil in 2017 and beyond .
Your thoights come next week., page-2
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Last
$24.25 |
Change
0.330(1.38%) |
Mkt cap ! $46.04B | |||
| Open | High | Low | Value | Volume |
| $24.55 | $24.59 | $24.16 | $116.2M | 4.766M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100 | $24.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $24.26 | 1701 | 2 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| WDS (ASX) Chart |