WDS - Woodside Energy Group

[divs4ever]

On this I'll take the opposite position.

Russia crude oil production was running around 10.5 million barrels per day give or take a bit prior to the sanctions and by most reports is running at about 10 million bpd presently. The impact of sanctions seems to be more about who buys Russian oil, it's mostly China and India now, and how much they pay for it.

Unrelated to that in the US there seems to be a lot of caution being expressed on both sides of the equation. Concern from the oil industry about the financial viability of drilling new wells as costs escalate. Concern on the demand side due to the broader economic backdrop both US and global.

So I'm unconvinced either way on the oil price. I can see risks in both direction due to the broad political and economic situation.

I've bought some WDS with real money during March however, in addition to it being a pick for the trading competition. That said my real money purchase is intended to be a trade not a long term investment.

the wildcard with Russian oil( and gas ) since Russia is selling so much to China and India .. is there a chance Russia will partner and build pipelines to both customers ( i bet China would eagerly partner in a series of Russia-China pipelines , maybe even building Russia-India pipelines )

sending by pipeline AND outside the US dollar , that will make some commodity pricing difficult

imagine 10 million bpd going 'dark ' ( or long term fixed price )

 

[Als2own]

Been a roller coaster so far this year. I’m thinking the market is waiting to see some divestment in the Louisiana asset before any change. Capex moving forward without that will be alarming some. Delays on that into next quarter haven’t helped

 

[qldfrog]

the wildcard with Russian oil( and gas ) since Russia is selling so much to China and India .. is there a chance Russia will partner and build pipelines to both customers ( i bet China would eagerly partner in a series of Russia-China pipelines , maybe even building Russia-India pipelines )

sending by pipeline AND outside the US dollar , that will make some commodity pricing difficult

imagine 10 million bpd going 'dark ' ( or long term fixed price )

The pipe line is being built and not sure it is not already open.
Indeed, then transferred volume will be off the table reducing chinese demand on the open market
I do not see that as a plus for wds..i own some wds

 

[divs4ever]

The pipe line is being built and not sure it is not already open.
Indeed, then transferred volume will be off the table reducing chinese demand on the open market
I do not see that as a plus for wds..i own some wds

without the Russian ( Chinese and Indians ) accessing the open markets who knows what manipulation will occur ( we have had plenty of tastes of market manipulation , like the early years of OPEC )

it MIGHT help WDS if they do long term supply contracts , but chances are they won't and depending on finance needs are more likely to accept hedging deals ( selling mostly below market price )

 

[qldfrog]

More details, affecting all oil/gas producers, not only wds
The first pipeline was completed last year
I quote
"The China-Russia east-route natural gas pipeline, also known as Power of Siberia 1, is a completed 5,111-kilometer pipeline that delivers natural gas from Russia's Siberian fields to China, reaching as far as Shanghai.
Here's a more detailed breakdown:
Pipeline Completion:
The pipeline, which began operation in late 2019, was fully completed and connected in December 2024, seven months ahead of schedule.
Capacity and Significance:
The pipeline is designed to deliver 38 billion cubic meters of natural gas annually, which is roughly 9% of China's annual gas consumption.
Route:
The pipeline starts in Heihe, Heilongjiang Province, on the China-Russia border, and extends southward through nine provinces, municipalities, and autonomous regions, reaching Shanghai.
Impact:
The pipeline enhances gas supply reliability and flexibility in eastern China, particularly for regions like Northeast China, the Beijing-Tianjin-Hebei area, and the Yangtze River Delta.
Power of Siberia 2:
While Power of Siberia 1 is operational, there's a proposed second pipeline, Power of Siberia 2 (also known as Altai gas pipeline), which could have a capacity of 50 bcm/year.
Strategic Importance:
The pipeline strengthens economic ties between China and Russia, and is seen as crucial for securing regional natural gas supply and promoting a clean, low-carbon energy system in China. "

 

[finicky]

 

[Ferret]

^^ Good news on any other day!

 

[finicky]

So I hear (on YouTube) that one way the CCP is retaliating is to cut off imports of LNG from the great nation of the USA. So whom do they substitute? The compliant nation that elects 'handsome boy', Tony Goodfella Albanese. He hates Trump and does grinning selfies with Xi. He's a champion of oppressed folk everywhere.

Held
Accumulating mode

 

[divs4ever]

So I hear (on YouTube) that one way the CCP is retaliating is to cut off imports of LNG from the great nation of the USA. So whom do they substitute? The compliant nation that elects 'handsome boy', Tony Goodfella Albanese. He hates Trump and does grinning selfies with Xi. He's a champion of oppressed folk everywhere.

Held
Accumulating mode

AND less US bonds China needs to park the LNG proceeds ( since China exports way more than imports from the US )
those several billion a year in lost bond sales will become very important

 

[wayneL]

So I hear (on YouTube) that one way the CCP is retaliating is to cut off imports of LNG from the great nation of the USA. So whom do they substitute? The compliant nation that elects 'handsome boy', Tony Goodfella Albanese. He hates Trump and does grinning selfies with Xi. He's a champion of oppressed folk everywhere.

Held
Accumulating mode

Learn basic phrases in Mandarin

 

[Dona Ferentes]

Now that TDS (Tariff Disruption Shock) has been around since late 2nd April, as expected certain sectors are doing better than others.

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today's close $19.15