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

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    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)
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