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WOPEF - Bargains Are Appearing In Some Of The Oil Majors
Woodside Petroleum Ltd
Introduction
Oil stocks had been hit worse than most due to a double whammy of the Coronavirus pandemic and an oil price collapse due to the Saudis and Russians ramping up production. With the crash in the oil price it would seem the oil majors are a safer bet than small independents or oil service companies since the oil majors can control their cash flow better. The COVID-19 pandemic will not last forever and will be followed by rapid world economic recovery. Although we cannot be sure of the exact timeline it must be remembered