Is Woodside Energy Group Ltd (WDS) a Mispriced Opportunity?

1 week ago 4

Soumya Eswaran

Thu, June 25, 2026 astatine 10:34 AM CDT 3 min read

Antipodes Partners published its "Antipodes Global Strategy" first-quarter 2026 capitalist letter, highlighting the cardinal show stocks, portfolio changes, and the marketplace outlook. A transcript of the missive tin beryllium downloaded here. The archetypal 4th of 2026 was highly volatile. Early optimism shifted to a historical vigor daze caused by US-Israeli strikes connected Iran. Global equities dropped 3.2% successful USD, with US equities falling 4.6%, and worth stocks outperformed maturation stocks arsenic the rotation distant from mega-cap tech accelerated owed to AI fears. The strategy outperformed the benchmark implicit the 4th and the 12 months to March 31, 2026. Exposure successful North America, Korea, Western Europe, and Latin America regions boosted performance, portion Canada and the UK lagged. Energy, user discretionary, industrials, and healthcare sectors led the performance, portion financials, existent estate, and materials lagged. To negociate risk, the steadfast accrued its holdings successful antiaircraft sectors during the quarter. For insights into their cardinal selections for 2026, delight reappraisal the Strategy's apical 5 holdings.

In its first-quarter 2026 capitalist letter, Antipodes Global Strategy mentioned stocks similar Woodside Energy Group Ltd (NYSE:WDS). Woodside Energy Group Ltd (NYSE:WDS) is an Australian vigor institution that engages successful the exploration, development, production, and merchantability of hydrocarbons. On June 24, 2026, Woodside Energy Group Ltd (NYSE:WDS) closed astatine $19.06 per share. One-month instrumentality of Woodside Energy Group Ltd (NYSE:WDS) was -12.49%, and its shares gained 21.79% implicit the past 52 weeks. Woodside Energy Group Ltd (NYSE:WDS) has a marketplace capitalization of $36.23 billion.

Antipodes Global Strategy stated the pursuing regarding Woodside Energy Group Ltd (NYSE:WDS) successful its Q1 2026 capitalist letter:

"Woodside Energy Group Ltd (NYSE:WDS): The marketplace has mispriced Woodside arsenic a mature income stock, anchoring connected near-term superior expenditure and LNG oversupply concerns. It is irrational to extrapolate today's escaped currency travel trough into the steady-state economics of a institution connected the cusp of a large accumulation step-change. The Scarborough offshore state task — a large brownfield enlargement feeding into the existing Pluto LNG installation successful Western Australia — is 94% implicit and connected way for archetypal LNG cargo successful Q4 2026. With ~75% of LNG volumes contracted for 2026–2028 and Capital Markets Day targets pointing to >20% escaped currency travel output erstwhile capex rolls disconnected by 2032, the re-rating accidental is compelling. Current elevated lipid prices supply a near-term net tailwind."

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