So the price of wpl should be going up. As the recent INCREASE in natural gas will be factored in next qtr.
I had the same thought as original poster when I heard gas price at all time highs. We sell gas. Not much oil. My conclusion is Mr Market is dumb. But the actual answer may not be known until the next financial report from Woodside. They will say 'oh, we made heaps because we received more for gas'. Mr Market will go 'is there a diff between oil and gas.... oh, there is!'. And share will rocket.
I am sure Mr Market is not so dumb. So I still have the 'why is this so' question re the orig poster.
WPL Price at posting:
$33.02 Sentiment: Buy Disclosure: Held