Natural gas has surged to its highest level since 2022 helping drive Mobil shares to all time highs this week. However, while global energy stocks have been strong domestic names like Santos (STO) and Woodside (WDS) have struggled even with WDS’s revenue being heavily leveraged to gas/LNG, making it one of the most gas-centric energy companies on the ASX.
- We can see WDS finding a decent low this year, but there are no buy triggers yet.
MM remains cautiously bullish towards WDS around $24
Add To Hit List
chart
Natural Gas Futures ($US/MMBtu) v Woodside Energy (WDS)
chart
Natural Gas Futures ($US/MMBtu) v Woodside Energy (WDS)
