Woodside

I own Woodside at $40. Should I take my loss and get out, or stay?

A: I am in a similar boat.


I don’t pretend to have a crystal ball over the oil price – there are some observers who say that the US dollar needs to stabilize before there can be a sustained recovery. That said, I think Woodside is a well run company that now has a disciplined capital management process in place. I am a believer in the long term growth story of Australian LNG – and I am not selling at these prices.


Not being aware of your objectives, I can’t say whether this is right for you.



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