So our recent fall from close on $40 to almost 31-32 has as been expected been in line with the drastic decline of oil from 87 to 65. I use Oilprice.com to show me updates. What i found curious is when Brent dumped from 75 to 65 in like 2 days the "Natural Gas" price on this website ended up being over $4 it got to 4.10 or something like that which was a 20% or so rise over the course of a few days.
Now considering Woodside sells gas and not oil. Why again are we being smashed by a declining oil price?
Or is the "Natural Gas" price quoted not the price index we use. ANd if not why not? Can somebody direct me to an actual index that tracks the price of the commodity we sell. Its getting tiresome to be constantly referring to POO as a gas company.
WPL Price at posting:
$33.21 Sentiment: Buy Disclosure: Held
