MM has discussed WDS almost too often of late but as it is now post-merger with BHP Petroleum, we felt it was important to clarify our view after the stocks rallied over +15% in just a few weeks. Although it’s a scary phrase in today’s rapidly evolving market we remain comfortable with our position in two MM portfolios targeting a test of multi-year highs in the coming months.
MM is long and bullish WDS targeting ~10% further upside
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