WDS - Woodside Energy: Many Levers To Pull And Knobs To Twist For Growth
2024-02-21 08:00:00 ET
Summary
- Woodside Energy Group Ltd stock has not seen much movement despite recent mergers and acquisitions.
- Analysts have a median price target of $22.45 for Woodside Energy stock, suggesting a potential upside.
- The company has several potential catalysts, including projects in Senegal, Western Australia, East Timor-Leste, the Gulf of Mexico, and Canada.
- I rate the company a buy at current levels.
Introduction
Woodside Energy Group Ltd (WDS) is an Australian Energy giant that is the amalgamation of the original entity and the upstream energy properties of BHP Petroleum (BHP). A ~$48 bn merger completed in 2022, that thus far...hasn't moved the stock of WDS. Woodside has also just called off another $52 bn mega merger with Santos Ltd (STOSF) that appears to have been an LNG dominance play, that failed on pricing. WDS is already a heavy hitter in LNG, but as we are learning in the current merger madness, mo' bigger is mo' better - conceptually, anyway....
Woodside Energy: Many Levers To Pull, And Knobs To Twist For Growth