WEL 0.00% 0.3¢ winchester energy ltd

ThomasYou can correlate both answers to the price of oil over...

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    Thomas

    You can correlate both answers to the price of oil over the next year or so - if you tell me the when and how high the POO goes then the questions can be answered, But of course if you or I knew this we would be into oil futures.

    As a ground floor the price of oil is ~$US20 for the last month and the share price is ~.02.
    I would suggest the x POO/20 will have a similar effect on the share price.
    Since the numbers are arithmetically simple.
    POO $40 = .4 etc.
    Clearly the relationship is not linear but there are so many moving parts I have kept it simple.
    And clearly, a higher POO would allow WEL to resume drilling and the real upside is on their results.

    IMO WEL has a few other advantages.
    1. Enough cash on hand to be patient.
    2. Conventional production with op costs below current and likely future POO. Making at least a profit.
    3. Publicly traded contrasting with private equity that may lose patience.
    4. and the wildcard in the pack - is there a low or future cost opportunity available in the downturn that a less patient owner would divest to WEL boosting their growth post downturn.

    As always the above is technical opinion and not trading advice.
 
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0.3¢
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Mkt cap ! $3.061M
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Buyers (Bids)

No. Vol. Price($)
1 2500000 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 2907831 4
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Last trade - 20.06pm 29/03/2024 (20 minute delay) ?
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