WPL 0.98% $34.97 woodside petroleum ltd

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  1. 15,880 Posts.
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    Hairy

    No TA but my opinion only. WPL was sold down by someone big (Shell very perhaps) or institutions to make it more difficult for them to move on Westport in the US (for which they would have made a large placement or other capital raising - obviously not a popular move in this market). It was big volume, big $s, over several weeks - that's not mums and dads.

    When it got to $11.60 and bounced I posted that it was now good value. The Westport deal has I believe fallen through. Hence the price is rising (as the selling has stopped). It should (all else being equal) move back to above $13.00 and most likely above $13.50.

    They have plenty of cash for the HDR placement ($7m).

    I have a small holding in WPL in my long-term superannuation portfolio.

    Cheers

    H

 
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Last
$34.97
Change
0.340(0.98%)
Mkt cap ! $32.95B
Open High Low Value Volume
$34.87 $35.10 $34.80 $65.70M 1.878M

Buyers (Bids)

No. Vol. Price($)
1 14199 $34.97
 

Sellers (Offers)

Price($) Vol. No.
$34.99 5000 1
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Last trade - 16.10pm 16/12/2019 (20 minute delay) ?
(live)
Last
$35.00
  Change
0.340 ( 0.93 %)
Open High Low Volume
$34.86 $35.10 $34.80 1860050
Last updated 16.00pm 16/12/2019 (live) ?
WPL (ASX) Chart
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