On Monday Woodside Petroleum (WPL.AX) grew 1.61% on 4.5 million shares by adding a little stone to support its bull to climb higher. It is easy to forecast oil and gas stocks, just look at oil and gas prices. WPL.AX shares are growing just due to rising oil prices and the upcoming embargo against Russian oil and gas.
The war initiated by Putin has clearly given a nice chance for oil stocks to soar again. This is not the only cause to push WPL.AX shares now. The company has a healthy balance sheet and good EPS to support the idea of investing for the long run. Buying Woodside Petroleum might be as reasonable as investing in Google in the 1990s.