WDS - Woodside Energy Group

[finicky]

Third daily 'gap up' for Woodside. Yesterday made a higher high (following a higher low) so 'technically' it's trending. So at the daily scale pretty good.
However needs to do more on the weekly chart to convince that a significant LOW is in, although it interests me that the inverted hammer-like candle first week of April was on the highest volume in 2 years.

Held
accumulate sentiment
I'll wait for weakening to buy a few more, so prepared to miss out

DAILY

WEEKLY

 

[ShareSuccess]

Already Own a Nice Parcel in my Main Portfolio,Big enough for me anyway ha ha.....Will be looking to Buy more on any weakness as i see this as a great Long term Trade at any price below 22

 

[finicky]

Greg Canavan of 'fat tail investment advisory' would agree. Yesterday he strongly reiterated the short term headwinds but long term bullish case for oil and energy generally. He likes WDS and also KAR and more cautiously BPT. He likes WHC, NHC and YAL in the coal stocks. I hold all except for KAR and YAL (CCP Chinese owned)

Saying,
"You’re not going to beat the market by doing what the market does. You’ve got to be prepared to take big positions when the risk/reward is on your side. I think energy stocks are where gold stocks were a few years ago. No one was interested. No one talked about them. And that was the time to buy." (my bold)

I'll just add that most of the fossil energy stocks are paying very good franked dividends which puts them a notch higher than the gold stocks a few years ago. Paid to wait type concept.