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WPL $36.56

woodside oversold

  1. xerxes_ph

    9,081 Posts.

    A paradigm shift in oil prices appears likely - up!

    "The Lex column in the Financial Times said, "If there is one overarching moral from Wednesday's announcement it is that Opec is more committed than ever to its $22/28 price target. Indeed, it may even be furtively moving this higher. If so investors need to reconsider their pricing assumptions used for oil company stocks. A paradigm shift in the oil world, in other words, may now be under way - irrespective of the conclusion to the Iraqi war"

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