Dona Ferentes
Beware the marsh of Idols
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Sales slid to $US4.33 billion in the March quarter but were more than double a year earlier thanks to the merger with BHP Petroleum.
WDS - Woodside Energy Group
- Thread starter markrmau
- Start date
UMike
Klutzing in Re-Thai-erment
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FYG remains unchanged.
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Monthly chart seems to be peaking at the level of the prior peak? Curving over and throwing candles with upper wicks. Weekly has negative divergence of momentum.
Oil and gas strikes me is a place to be, WDS a proven producer with good sovereign locations but maybe it has to correct the run from $15 to $39 in 3 years?
G Canavan has a current buy on it along with other producers but he is holding from his earlier recco for Woodside at $29.
I guess all this is questionable after the annexing of BHP Petroleum.
Anyway I think I'll wait to see if I can pick up a few @ $30 myself.
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MONTHLY 10 YEAR
WEEKLY 5 YEAR
Oil and gas strikes me is a place to be, WDS a proven producer with good sovereign locations but maybe it has to correct the run from $15 to $39 in 3 years?
G Canavan has a current buy on it along with other producers but he is holding from his earlier recco for Woodside at $29.
I guess all this is questionable after the annexing of BHP Petroleum.
Anyway I think I'll wait to see if I can pick up a few @ $30 myself.
Held
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WEEKLY 5 YEAR
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Seems like earlier you were thinking of value estimate around $48, with an interest in buying at $30, I am always curious why people who come up with price targets like this don't trade options on the numbers? For example, if one is interested in buying at $30 why not sell $30 puts?
Maybe don't know how or risky.
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Look, it's pretty clear I am a simpleton but I resent you drawing it out. I have never used a derivative thingo in my life, so stop poking fun at me
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you make that sound like a bad thing , some might disagreeI have never used a derivative thingo in my life, so stop poking fun at me
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I know what you mean, a $30 put to me, sounds like a bet on golf.Look, it's pretty clear I am a simpleton but I resent you drawing it out. I have never used a derivative thingo in my life, so stop poking fun at me
UMike
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Pretty clear "see if I can pick up a few @ $30"
Doesn't mean we expect it to hit $30.
But if you think long term it'll reach $48. It'd make sense to pick some up @ $30 if the prices dips on short term sentiment.
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Something else that sows doubt - I am also concerned that one of the mass components of their off shore growth platform is being built in China - I think it was the Scarborough Pluto Train 2 - with lots of money already spent. Can't find that article.
Woodside chair warns Australian investments at risk
Dona Ferentes
Beware the marsh of Idols
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Nothing new there, sadly. I was working for a geophysics company in the early 80's . We had guys on North Rankin A production platform for months. The entire structure had been barged in from S Korea and put on site. It was underengineered and every leg had to be strengthened, including deeper footings to then brace the legs.
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Looks like Shell has pulled up stumps on the Browse gas project.
BP will acquire fellow global energy major Shell’s stake in the $30 billion Browse LNG project in Western Australia hot on the heels of Woodside Energy boss Meg O’Neill issuing a warning about the mounting regulatory hurdles and policy changes facing the project’s backers.
The deal boosts BP stake in the Browse project, led by Woodside, to 44 per cent. PetroChina and Japanese heavyweights Mitsubishi and Mitsui also have stakes in what is touted as Australia’s largest untapped conventional gas resource.
It is understood BP finalised the acquisition of the Shell stake on Friday night Perth time just hours after protesters and climate change activists targeted the Woodside annual general meeting in the city.
Shell said it had agreed to sell its 27 per cent stake in Browse for an undisclosed price because the asset was “no longer a strategic fit” in the company’s global portfolio.
Shell sells stake in $30b Woodside gas project to BP
Shell has walked away from the $30 billion Browse gas project led by Woodside Energy, saying it is “no longer a strategic fit”.
www.afr.com
The deal boosts BP stake in the Browse project, led by Woodside, to 44 per cent. PetroChina and Japanese heavyweights Mitsubishi and Mitsui also have stakes in what is touted as Australia’s largest untapped conventional gas resource.
It is understood BP finalised the acquisition of the Shell stake on Friday night Perth time just hours after protesters and climate change activists targeted the Woodside annual general meeting in the city.
Shell said it had agreed to sell its 27 per cent stake in Browse for an undisclosed price because the asset was “no longer a strategic fit” in the company’s global portfolio.
DrBourse
If you don't Ask, You don't Get.
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WDS heading down to where it belongs IMO - $29.23 - sorry bout that prognosis gang....
Garpal Gumnut
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WDS is too big to be taken over and less affected by Government, unlike STO.
A wander down to the high $20's is not inconceivable.
In this climate it could zoom up to $40 if a black swan floats past covered in oil.
The supply chain and infrastructure for ICE and Oil/Gas industry are still more robust than for EV and Electric/Hydrogen.
As I think @UMike said, buy low and wait for a high.
gg
A wander down to the high $20's is not inconceivable.
In this climate it could zoom up to $40 if a black swan floats past covered in oil.
The supply chain and infrastructure for ICE and Oil/Gas industry are still more robust than for EV and Electric/Hydrogen.
As I think @UMike said, buy low and wait for a high.
gg
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Wow, prediction to the last 3c - class
Similar looking move from BPT today. Hoping to pick up a few of those as well. G Canavan (Fat Tails Investment Advisory) has a buy on both.
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DrBourse
If you don't Ask, You don't Get.
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Made that call back on 16/3/23 - Could be a coupla cents either way now - but it looks like that general area is where WDS is heading
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That was December 2021:
Well offloaded WDS today, nice profit, hopefully can get back in if there is a correction. Just trying to build up a war chest.
Today's announcement regarding GoM looks positive.
2/3 of production in the first 10 years.
70% of costs are fixed.
First oil 2028.
I wonder how much the current political situation in Australia impacted giving this the green light?
A subtle message to Government that they are just as happy to invest overseas perhaps.
2/3 of production in the first 10 years.
70% of costs are fixed.
First oil 2028.
I wonder how much the current political situation in Australia impacted giving this the green light?
A subtle message to Government that they are just as happy to invest overseas perhaps.
DrBourse
If you don't Ask, You don't Get.
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Hi houtman - Agree with you on WDS.....
Ran my ruler over WDS on 19/5/23 - IV then was $37.65 to $41.62.....
The WDS SP has bounced off the $33.43 line quite a few times so far this year, if it can close above the $37.62 Line it should do well....
Cheers....
DrB.
Ran my ruler over WDS on 19/5/23 - IV then was $37.65 to $41.62.....
The WDS SP has bounced off the $33.43 line quite a few times so far this year, if it can close above the $37.62 Line it should do well....
Cheers....
DrB.
DrBourse
If you don't Ask, You don't Get.
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Hi Rabbit,....
Look at my above post #659 - there I suggested that $37.62 was a problem for WDS, as it was way back earlier this year - basically gone nowhere but down in the past 7 months....
Two Consecutive Green Candles wholly above that Benchmark Candle $37.59 Line "SHOULD" signal the start of a new ST uptrend......
I know I do not have to remind you personally M8 - BUT for everyone else, the above are just my personal thoughts, my TA is a bit different to most TA Types, but it works for me - it probably will not work for the Sheep...
Look at my above post #659 - there I suggested that $37.62 was a problem for WDS, as it was way back earlier this year - basically gone nowhere but down in the past 7 months....
Two Consecutive Green Candles wholly above that Benchmark Candle $37.59 Line "SHOULD" signal the start of a new ST uptrend......
I know I do not have to remind you personally M8 - BUT for everyone else, the above are just my personal thoughts, my TA is a bit different to most TA Types, but it works for me - it probably will not work for the Sheep...
