WDS rallied strongly last week as oil bounced following Trump’s moves on Russian oil and the company raised its fiscal 2025 production forecast to a range of 192–197 million barrels of oil equivalent, up from the previous projection of 188–195 mmboe.
- We like the risk/reward towards WDS following last week’s strong performance, initially targeting new 2025 highs.
Trade Idea: Buy Woodside Energy (WDS) using a $24.50 limit, with stops at $23.20, ~5% risk.
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