Woodside Energy Group Ltd
WDS: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$86.00 | Nxlb | Nvrfynk |
Woodside: Guidance for 2024 Is Maintained and Development Projects Progress
No-moat Woodside's shares are down 24% from September 2023 highs and, at about AUD 29, are materially undervalued, in 5-star territory. We think the share price is at odds with solid progress being made on growth projects.