Philip_AU wrote a post · Apr 15, 2024 11:51

🔥🚀 Australian Oil Companies: Hidden Treasures Await! 🚀🔥

🎉 Relief is here! You'll be thrilled to learn that Aussie oil companies still offer some golden opportunities. Here are three ASX-listed oil gems that caught my eye: 👀

🌟 Woodside Energy Group Ltd (ASX: $Woodside Energy Group Ltd (WDS.AU)$ , LSE: $Woodside Energy (WDS.US)$ ) 🌟
Despite share price dips since 2022, rising oil prices are a boon for Woodside! 💰
Selling oil and gas at higher prices boosts profits. 📈
Steady production costs? Even better for potential earnings & share price. 💪
Technical analysis reveals support at $28. Keep your eyes peeled! 👁️‍🗨️

🌐 BHP Group Ltd (LSE: $BHP Group Ltd (BHP.US)$ , ASX: $BHP Group Ltd (BHP.AU)$ ) 🌐
A market heavyweight, BHP thrives in high oil prices. 💪
Petroleum asset sales = increased revenues. 💵
Share price hovering for 3 years, recently testing $42 support. 📉
Expect a re-test of $50 in months & long-term upside. 📈

💪 Viva Energy Ltd 💪 $Viva Energy Group Ltd (VEA.AU)$
Unique play: refines oil into gasoline & diesel. 🛢️➡️🚗
Higher oil prices boost profit margins (but also production costs). 📊
Share price surged 200%+ since March 2020, but recent dips. 📉
Watch closely! Support at $3.40 could be the next buying opportunity. 👀💸
💡 In conclusion, Aussie oil companies offer exciting opportunities. Keep your eyes open for these golden nuggets! 🌟🚀

$S&P/ASX 200 (.XJO.AU)$

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Philip_AU

DYOR and DD always.

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