WPL
Director Trades
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Company News
Gina Rinehart puts oil and gas back in the investment frame
Follow the money is always good advice, as is invest like the rich, so when you combine money and an unfashionable investment by an ultra-rich person such as iron ore billionaire Gina Rinehart, you could be on a winner, even if it’s in the politically incorrect business of oil and gas. Always prepared to back […]
Big-name investors, politicians embracing oil and gas, as price tipped to surge
Follow the money (and follow the politics) because this week’s hot advice is that when it comes to investing in energy, money and politics are heading in the same direction and it’s not all about wind, solar and other renewables. The world’s top investor, Warren Buffet, this week loaded up on oil stocks ahead of […]
Magellan appoints new CEO, TPG sells mobile towers and Orica boss raises fears over energy security
Magellan Financial Group (ASX: MFG) has announced the appointment of a new chief executive officer in David George, six months on from Brett Cairns deciding to walk away from the job. Magellan chairman Hamish McLennan is full of praise for Mr George, saying he has an “outstanding investment management pedigree”. “The board was unanimous in […]
Gas prices boom as Russia upends the energy market
Oil and gas might not be everyone’s favourite asset class, but when it’s the hottest ticket in town it’s hard to ignore – especially when potential profit-making anomalies emerge. Geologists in particular understand the value in anomalies, or differences in layers of rock, which sometimes point to the presence of valuable minerals. In oil and […]
Ramsay Health Care receives takeover bid, Westpac fined again, iron ore giants miss production targets
Investors in Ramsay Health Care (ASX: RHC) are buoyant this week after news was released global private equity giant KKR & Co Inc have launched a $20 billion takeover of the institution. Since news of the deal broke, shares in Ramsay have risen just over 24% to sit at $80. A group of investors, led […]
BHP and Woodside deal is smelling of roses
If you are looking for an early candidate for deal of the year, the BHP (ASX: BHP) plan to demerge its oil and gas assets into Woodside Petroleum (ASX: WPL) will be hard to beat. When it was first announced on 22 November 2021, the deal looked like a neat way to “decarbonise” BHP by […]
BHP and Woodside move higher, as the big banks digest recent gains
Earlier this week, BHP Group (ASX: BHP) along with Exxon Mobil Corp, announced they will pursue a gas output-boosting project from their Gippsland Basin Kipper field off southeast Australia, aiming to address an impending gas shortage in the local market. BHP shares closed the week trading at $49.77, up 7.12%. Woodside Petroleum Rising energy prices […]
Oil and gas rush speeds-up as prices surge
A promising gas discovery revived interest in Buru Energy (ASX: BRU) earlier this week – delivering a 30% share-price rise in the latest example of investors returning to the politically incorrect oil and gas sector, a move which iron ore billionaire Gina Rinehart successfully made late last year. Though miles apart in terms of size […]
BHP, Rio Tinto and Woodside boosted by higher commodity prices, CBA sells 10% to Chinese bank for $1.8b
Earlier in the week, Australia’s two biggest mining firms BHP (ASX: BHP) and Rio Tinto (ASX: RIO) saw their stock prices buoyed by a global rise in the price of iron ore as a result of the conflict in Ukraine, but they went into a slight reverse on Friday. Despite iron ore prices ending the […]
Have iron ore miners been oversold or should investors ‘steel’ for more ferrous pain?
The pundits were right, for once: the laws of market gravity were always going to catch up with the price of iron ore, which in a matter of weeks has tumbled more than 50% from its nosebleed territory of US$220 a tonne. Still, no-one quite predicted the extent of the rout which stems from the […]