its below $32 today with WTI down from USD90+ to USD77, might have to wait till next years recession and stock crash to accumulate more. valuation looking very juicy though, even if earnings drop in the coming recession year.
looks like this stock tracks oil price well and has been on an uptrend past couple years post covid. It should do well if oil continues to climb up this quarter. My stock pick bet for october.
*not vested yet*
thanks for the input guys, i would think this stock would track the oil price well. nevermind I'll pickup more next month if it hits 34. I'll be in this one for the long haul.
bought a small position last week when it was running at 38$ , oil price seems to have recovered back above 91$ now but why is woodside getting sold down? Is some major shareholder selling out or just the ex-dividend effect?
IMHO with shortterm desposit/savings rates of above 5% its a hard call to be vested in stocks, especially dividend yield types like wesfarmers where price is peaking and yields are sub 4%.
I think China recently did a stimulus which doesnt seem to be working as it used to. perhaps this year...
yeah i got recommended by a mate who has been using past year and says its pretty good/low cost. but he uses CMC for his USA trades, as stake asks for too much paperwork or something for USA stocks if you buy through them.
i'll probably only start using it towards the end of the year as I...
Man thats a lot of pain until 2024. maybe good to buy in during dips in 2024?
Cant imagine mining AISC at 1800AUD now and using the massive profits now that spot is close to 3k to cover for the hedge book.
well looking good going ahead though, last year we had that mine collapse during the wet...
Do you have any info on how much hedging they have left? i remember previously they hedged at 1600AUD levels when AISC was 1400AUD and the hedges were supposed to run out by 2023 or 2024, around 30% of their production is hedged?
Finally McPhillamys is approved and the next paperwork likely to...
Tesla is like bitcoin, still an overvalued super growth stock, pure risk on play. They may still be expanding but in Chinese and European markets have more or less lost leadership position in EV. Valuations should trend towards other big players in the market.
They must have routed billions to ukraine as war funds which then get rerouted back to offshore accounts under rich politicians. There was this scandal thing about bidens son was doing some business in ukraine or something..also Look at the Ukrainian involvement with the recent FTX debacle. It...
Yep I suspected the Ukrainians did some self sabotage. Dont make sense as Russians are now consolidating in eastern ukrainian regions, not pushing forward at all. Ukrainians were positioning artillery before next to schools/hospitals before, so that they could claim russian were purposefully...
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