WDS 0.44% $29.97 woodside energy group ltd

market doesn't like announcement ?

  1. 489 Posts.
    Down 24c - The market doesn't appear to like today's annoncement re the JV with Pioneer to explore for gas in the Gulf Of Mexico.

    I don't understand this - the market criticise them for the lack of prospects and then when they annonce a new exploration program the price goes down anyway - is it the $50m cost that is the concern or something else am not aware of? I'd be interested in any thoughts.
 
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