Massive uncertainty/volatility continues re POO and also LNG. Its possible POO could rise to $40 which is 25% above current levels. But can this stop the relentless fall in WOR and trigger a rise in SP? WOR specialises in massive projects esp in oil/gas sector. My reckoning is that it will need price of crude to stay above say $50 for many months, before any new projects are signed-off. So whilst energy stks earnings react immediately to rise in energy price, WOR lags substantially even by 12 months or more. i remain pessimistic re the outlook statement in next month's interim. dyor.
Slump in oil price hits WOR, page-106
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Last
$13.73 |
Change
-0.135(0.97%) |
Mkt cap ! $7.649B | |||
| Open | High | Low | Value | Volume |
| $13.90 | $13.91 | $13.71 | $14.60M | 1.056M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 2373 | $13.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.73 | 7403 | 44 |
View Market Depth
| Last trade - 14.20pm 28/11/2024 (20 minute delay) ? |
| WOR (ASX) Chart |
