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What are MM’s current thoughts on Woodside (WDS)?

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Question asked 05/11/2022

What are MM’s current thoughts on Woodside (WDS)?

Hi guys, I'm tracking the recent performance of WDS and I can see it is approaching the $38 mark. What's your latest assessment on the stock?

Answer

Hi Angela,

We did previously flag $38 for WDS however we continue to like our current position, we still think Oil will trade higher into Christmas which should help WDS perform strongly. MM currently holds a 5% position in our Flagship Growth Portfolio which we might reduce to 3% ~$40 but for now the trend remains our friend and that’s clearly up.

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Woodside Energy Group (WDS)

LAST UPDATED 04/11/2022 16:25

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