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The BHP Group Ltd (ASX:) has signed an agreement with Tata Steel based in India.

In today’s trade, the company’s share price lifted 1.37% to close at $37.11. For perspective, the S&P/ASX 200 Index (ASX: XJO) finished 1.65% higher today.

Let’s take a look at what BHP announced today.

BHP signs deal with Indian company

BHP has signed a deal with the global steel-making company Tata Steel Limited (NSE: TATASTEEL). Australia’s multinational mining giant will work with Tata to reduce carbon emissions from iron and steelmaking technology.

Two major focuses of this deal will be carbon capture during production and the use of biomass as an energy source.

The technologies could reduce emission intensity from steel mills by as much as 30%, BHP said.

Both companies want to collaborate to reduce their carbon footprint and achieve their climate change ambitions.

BHP has a goal of reducing emissions by 30% from 2020 levels by 2030. In 2050, the company plans to hit net zero emissions.

Commenting on the news, BHP chief commercial officer Vandita Pant said:

The partnership with Tata Steel highlights the importance of collaborations in being able to successfully identify and implement emission reduction technologies in steelmaking, including by developing abatements that can apply to the existing blast furnace process to incrementally reduce its carbon emissions intensity.

BHP share price snapshot

The BHP share price has shed 15% in the past year although it’s gained around 0.5% year to date.

In the past month alone, BHP shares have lost more than 12%.

For perspective, the benchmark ASX 200 index has shed nearly 7% in the past year.

The post Own BHP shares? Here’s why the miner just partnered with one of the world’s biggest steelmakers appeared first on The Motley Fool Australia.

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More reading

• Top brokers name 3 ASX shares to buy today
• Broker gives its verdict on the BHP share price post-Q4 update
• 5 things to watch on the ASX 200 on Wednesday
• ‘We have clearly seen the peak’: Sector veteran gives earnings season warning for ASX mining shares
• What’s the outlook for the iron ore price in 2023?

Motley Fool contributor Monica O’Shea has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Today was a blissful day for most S&P/ASX 200 Index (ASX: XJO) shares. All 11 ASX 200 sectors closed Wednesday’s session in the green.

As of the closing bell, the index was 1.65% higher at 6,759.20 points.

Leading the charge was the S&P/ASX 200 Information Technology Index (ASX: XIJ), with a 3.8% gain. The sector’s gains followed a decent session on Wall Street overnight.

The tech-heavy NASDAQ Composite lifted 3.1% as most of Australia slept. The S&P 500 and the Dow Jones Industrial Index also gained 2.7% and 2.4% respectively.

The next best performing sector was the S&P/ASX 200 Materials Index (ASX: XMJ), recording a 2.5% surge despite iron ore futures falling 2% to US$103.14 overnight.

Higher oil prices may have also bolstered ASX 200 energy shares today.

So, with plenty to celebrate across the market, which ASX shares came out on top on Wednesday? Keep reading to find out.

Top 10 ASX shares countdown

There was plenty of competition for the top spot among the ASX’s 200 biggest companies by market capitalisation today. As of 3:59pm AEST, only 16 of the 200 were trading in the red.

Still, there has to be a winner. Today, that was Liontown Resources Limited (ASX: LTR). The lithium stock lifted around 10% on Wednesday. Read up on what’s been going on with Liontown Resources here.

Today’s biggest gains were made by these ASX shares:

ASX-listed company	Share price	Price change
Liontown Resources Limited (ASX: LTR)	$1.1075	9.65%
Paladin Energy Ltd (ASX: PDN)	$0.6725	8.47%
Iluka Resources Limited (ASX: ILU)	$9.30	7.89%
Magellan Financial Group Ltd (ASX: MFG)	$13.40	6.86%
GQG Partners Inc (ASX: GQG)	$1.495	6.79%
Core Lithium Ltd (ASX: CXO)	$0.9925	6.72%
Reliance Worldwide Corporation Ltd (ASX: RWC)	$4.30	6.7%
Virgin Money UK CDI (ASX:VUK)	$2.46	6.03%
WiseTech Global Ltd (ASX: WTC)	$47.68	6.03%
Xero Limited (ASX: XRO)	$87.47	5.73%

Data as at 3:59pm AEST.

Our top 10 ASX shares today countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.

The post Here are the top 10 ASX shares today appeared first on The Motley Fool Australia.

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More reading

• After a horror year, will FY23 see the VAS ETF bounce back?
• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• Why is the Core Lithium share price surging 7%?
• Are Telstra shares still worth holding for dividend income today?
• Why Iluka, JB Hi-Fi, Megaport, and Zip shares are racing higher

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Reliance Worldwide Corporation Limited, WiseTech Global, and Xero. The Motley Fool Australia has positions in and has recommended WiseTech Global and Xero. The Motley Fool Australia has recommended Reliance Worldwide Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Vanguard Australian Shares Index ETF (ASX: VAS) is the most popular exchange-traded fund (ETF) on the ASX. But that didn’t stop this index fund from having a pretty dire year over the financial year just gone.

FY2022 saw the VAS ETF lose a painful 20% or so. That essentially mirrored the losses of the broader S&P/ASX 300 Index (ASX: XKO) that this ETF tracks.

But FY2022 is now well in the rearview mirror. So what might the current 2023 financial year hold in store for this popular ETF?

Well, to answer that, let’s look at how this ETF is put together. The Vanguard Australian Shares ETF is an index fund and tracks the ASX 300. This makes it a fairly unique ETF on the ASX. That’s because most other ASX index funds prefer to mirror the S&P/ASX 200 Index (ASX: XJO).

So VAS holds approximately 300 of the ASX’s largest shares. These are weighted according to market capitalisation (or size). There are 300 individual companies represented in this ETF. But even so, the market cap weighting means that there are only a few ASX shares that really make VAS move and shake.

To illustrate, BHP Group Ltd (ASX: BHP) is currently the largest share on the ASX 300 by market cap. Thus, even though it is one of 300 individual holdings in VAS, it still takes up a whopping 10.4% of the ETF’s entire portfolio weighting.

Throw in the big four ASX bank shares and we have another 18.65% of VAS’s portfolio accounted for. Indeed, VAS’s top ten holdings account for more than 46% of this ETF’s entire weighting.

So ten ASX shares account for just over 46% of the Vanguard Australian Shares ETF’s portfolio. That means the remaining 290 shares account for the other 54%.

VAS in FY2023? Here are the shares to watch…

Thus, if we want to predict what is going to happen to VAS over FY2023, the performance of those ten shares is going to be vital. Therefore, we can conclude that it’s highly likely that if the big four banks, BHP, and Woodside Energy Group Ltd (ASX: WDS) have a good year in FY2023, then the VAS ETF will as well.

And say the other VAS top-tenners like CSL Limited (ASX: CSL), Wesfarmers Ltd (ASX: WES), and Telstra Corporation Ltd (ASX: TLS) also have a decent year. Then it’s almost a done deal that VAS will too.

So if one wants to take an educated guess as to what will happen to the Vanguard Australian Shares ETF in FY2023, that is what to watch out for.

The post After a horror year, will FY23 see the VAS ETF bounce back? appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• Are Telstra shares still worth holding for dividend income today?
• What market prediction sent the Magellan share price spiking 9% today?
• ASX 200 midday update: Megaport rockets, Allkem’s update, tech shares rally
• Why is the Novonix share price launching 5% higher today?

Motley Fool contributor Sebastian Bowen has positions in Wesfarmers, CSL Ltd. and Telstra Corporation Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL Ltd. The Motley Fool Australia has positions in and has recommended Telstra Corporation Limited and Wesfarmers Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Many of Australia’s top brokers have been busy adjusting their financial models again, leading to the release of a large number of broker notes this week.

Three ASX shares brokers have named as buys this week are listed below. Here’s why they are bullish on them:

BHP Group Ltd (ASX: BHP)

According to a note out of Citi, its analysts have retained their buy rating but trimmed their price target on this mining giant’s shares to $44.50. This follows the release of the Big Australian’s quarterly update. While Citi was pleased with BHP’s performance, its guidance was weaker than expected. This has led to the broker downgrading its earnings estimates. Nevertheless, with the broker expecting a 10% dividend yield in FY 2023 and an 8% yield in FY 2024, it remains positive on the investment opportunity here. The BHP share price is trading at $37.14 today.

JB Hi-Fi Limited (ASX: JBH)

Another note out of Citi reveals that its analysts have upgraded this retail giant’s shares to a buy rating with a $47.00 price target. This follows the release of a trading update which revealed a much stronger than expected performance during the fourth quarter. Citi believes this supports its view that household spending will hold up despite rising inflation. So, with its shares underperforming significantly since May and the discretionary sector unloved, the broker now views the risk/reward as favourable. The JB Hi-Fi share price is fetching $43.73 today.

Rio Tinto Limited (ASX: RIO)

Analysts at Morgans have upgraded this mining giant’s shares to an add rating with a $113.00 price target. According to the note, the broker believes that recent weakness has created a buying opportunity for investors. Particularly given its view that current volatility will moderate later this year as growth in China starts to recover post lockdowns. The Rio Tinto share price is trading at $97.89 on Wednesday.

The post Top brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

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More reading

• Broker gives its verdict on the BHP share price post-Q4 update
• Why Iluka, JB Hi-Fi, Megaport, and Zip shares are racing higher
• 5 things to watch on the ASX 200 on Wednesday
• ‘We have clearly seen the peak’: Sector veteran gives earnings season warning for ASX mining shares
• Why JB Hi-Fi, Mesoblast, Pendal, and Woodside shares are pushing higher

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Wednesday has proven a good day for the Pointsbet Holdings Ltd (ASX: PBH) share price.

The stock has leapt a whopping 6.77% at the time of writing to trade at $2.68.

For context, the S&P/ASX 200 Index (ASX: XJO) is up 1.6% right now.

So, what might be driving stock in the bookmarker higher today? Let’s take a look.

What’s driving the Pointsbet share price today?

The Pointsbet share price is taking off on Wednesday, gaining close to 7% despite the company’s silence.

Interestingly, neither the company’s home sector nor its ASX peers are recording such dramatic gains right now.

The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) is currently trading relatively in line with the broader market, gaining 1.5%. Meanwhile, the share price of BetMakers Technology Group Ltd (ASX: BET) is up 3.3%.

But there could be a simple reason behind Pointsbet’s day in the green. The company’s stock plunged around 6% on Tuesday. Thus, today’s gain could be partly due to profit taking.

The past 30 days have been busy for the bookmaker’s stock – it’s hit a high of $2.96 and a low of $2.26 over the last month despite no news being released by the company in that time. Though, that’s about to change.

All eyes will likely be on Pointsbet next Friday when the company releases its update for the fourth quarter of financial year 2022.

Sadly, today’s gains haven’t been enough to boost the Pointsbet share price into the longer-term green.

The stock is currently trading 60% lower than it was at the start of 2022. It has also tumbled 75% since this time last year.

The post Why has the Pointsbet share price launched 7% today? appeared first on The Motley Fool Australia.

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More reading

• Why did the Pointsbet share price leap 7% on Thursday?
• What is sending the PointsBet share price 6% lower today?
• These are the 10 most shorted ASX shares
• ASX 200 midday update: Suncorp’s update, Magellan sinks
• Up 15% this week, what’s going on with the Pointsbet share price?

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Betmakers Technology Group Ltd and Pointsbet Holdings Ltd. The Motley Fool Australia has recommended Betmakers Technology Group Ltd and Pointsbet Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Block Inc (ASX: SQ2) share price is soaring today amid a positive day for buy now pay later (BNPL) shares.

The company’s shares are currently swapping hands at $100.63, a 4.71% gain. For perspective, the S&P/ASX 200 Index (ASX: XJO) is rising 1.61% at the time of writing.

Let’s take a look at why the Block share price is rising today?

Why is the Block share price rising?

Block shares are leaping following a strong night for the company’s US listing on the New York Stock Exchange.

Block Inc (NYSE: SQ) leapt 4.5% in the USA on Tuesday and jumped a further 1.5% in after hours trade.

This follows a stellar night for technology and financial shares in the USA. The S&P 500 Index leapt 2.76%, while the tech heavy NASDAQ-100 Index rose 3.13%.

This rise came despite an analyst at Macquarie shifting its rating on Block’s US listing to neutral with a $64 price target, according to my Foolish colleagues in the US. Susquehanna analyst Jamie Friedman also slashed the price target to $100 per share from $160, however, he retained a buy recommendation on the Block share price.

Despite these price downgrades, it appears investors have bought up Block shares amid positive sentiment in the wider market.

Block is not the only BNPL company in the green today. Zip Co Ltd (ASX: ZIP) shares are leaping 8.48%, while Sezzle Inc (ASX: SZL) shares are rising 4.88%.

Block completed its takeover of Afterpay on the first day of February and listed on the ASX as SQ2.

Block share price snapshot

The Block share price has surged 24% in the past month. However, it has lost nearly 43% in the year to date.

For perspective, the benchmark ASX 200 Index has lost 3% in the past year.

Block has a market capitalisation of about $3.8 billion based on the current share price.

The post Why is the Block share price storming 5% higher today? appeared first on The Motley Fool Australia.

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More reading

• ASX 200 midday update: Megaport rockets, Allkem’s update, tech shares rally
• These are the 10 most shorted ASX shares
• Why Block, Megaport, Navigator Global, and Whitehaven Coal shares are rising
• FY22 was a lousy period for ASX fintech shares. Here’s why
• $264 million! The 10 highest-paid CEOs on the ASX

Motley Fool contributor Monica O’Shea has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Block, Inc. The Motley Fool Australia has positions in and has recommended Block, Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Dividend investors’ minds are likely turning to the upcoming earnings season. Some may be considering adjusting their ASX share portfolios to position themselves for as big a payday as possible.

In a market downturn, ASX dividend shares can really show their worth.

Firstly, they deliver at least some sort of return for investors while share prices fall.

Secondly, they provide investors with peace of mind, as dividends are funded by profits. So they relate to business performance, not share price movement. This is comforting during times of extreme volatility.

James Gerrish is a senior portfolio manager at Shaw and Partners. Gerrish and his team manage domestic and international direct equity portfolios.

In a recent interview with Livewire, Gerrish predicted ASX 200 companies would pay about $40 billion in dividends this earnings season. That’s a 5% increase on this time last year.

But he points out that the lion’s share will be delivered by ASX mining shares and ASX bank shares.

Gerrish said:

The yield of the ASX 100 is 4.85% — but if you strip out the miners, you get a yield of 2.7%. That means nearly half of the expected yield is coming from the resources names. 

The silver lining is those income investors have many more options within the two big sectors [of mining and banks] for finding optimum yield.

Which ASX dividend shares will deliver?

Gerrish says the ASX dividend shares that may pleasantly surprise are in the property and retail spaces.

He also suggests there may be some surprises among ASX shares that have fallen on negative sentiment.

Gerrish said: “You think about property, for one. There’s a lot of armageddons built into property stocks, in my view. You’ve got the upside potential for distributions.”

Gerrish says real estate investment trust (REIT)s Dexus Property Group (ASX: DXS) and Stockland Corporation Ltd (ASX: SGP) may outperform.

Gerrish says ASX retail shares have also suffered share price declines due to negative sentiment.

But investors might be pleasantly surprised by these ASX dividend shares in August.

For earnings certainty and some forward guidance, Gerrish nominates Metcash Limited (ASX: MTS) and Wesfarmers Ltd (ASX: WES).

On the other hand, Gerrish is expecting potential disappointment for income investors holding ASX resources shares and ASX energy shares.

Gerrish said:

For any downside surprises, they come no bigger than the commodities sector. Earnings are high so dividend expectations are high. I think there could be some disappointment on the dividends announced by resources, energy companies, and the like.

Are expectations too high?

Gerrish says yes:

I think we’ll go into a period of earnings downgrade and re-rates to the downside.

You’ll see a transition back to more normal multiples.

The post Can ASX dividend shares deliver during earnings season? appeared first on The Motley Fool Australia.

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More reading

• Could ASX earnings season be ‘a lot better than what the market is positioned for’?
• ASX 200 retail shares rise as consumer confidence improves
• Brokers: Buy these 2 leading ASX 200 shares in July
• AMP share price in focus as Mirvac wins control of $7.7 billion office fund
• What I love about these 2 ASX dividend shares

Motley Fool contributor Bronwyn Allen has positions in Wesfarmers Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Wesfarmers Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Hooray! The S&P/ASX 200 Index (ASX: XJO) has shaken off the insecurity it showed earlier in the week and is now healthily rising. At the time of writing, the ASX 200 has put on a pleasing 1.54% and is now up around 6,752 points. 

But let’s dive deeper into these market moves and check out the ASX 200 shares currently topping the share market’s trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Wednesday

South32 Ltd (ASX: S32)

Our first cab off the rank today is ASX 200 mining company South32. So far this Wednesday, a hefty 15.62 million of this diversified miner’s shares have been bought and sold.

We haven’t heard anything out of the company itself. So we can probably thank the robust rise this miner has enjoyed over today’s session for this high volume. The South32 share price is presently up 3.53% at $3.52.

Pilbara Minerals Ltd (ASX: PLS)

ASX 200 lithium stock Pilbara is next up today. So far this Wednesday, a sizeable 21.94 million Pilbara shares have swapped owners. Like with South32, this seems to be a direct result of share price movement.

And like South32, it will no doubt be impressing shareholders. Pilbara Minerals is currently up an eye-catching 4.24% at $2.46 a share.

Lake Resources N.L. (ASX: LKE)

Last but certainly not least in terms of trading volumes, we have another ASX 200 lithium stock in Lake Resources. A whopping 37.65 million Lake shares have traded hands as it stands this Wednesday. Unfortunately, Lake Resources shares are going the other way to most ASX shares today.

This lithium stock is down today, falling by a meaty 1.83% so far to 70 cents a share – likely the source of this elevated trading volume. There have been no announcements from Lake, although my Fool colleague Brooke covered some news in the lithium space earlier today that could be playing a role here.

The post Here are the 3 most heavily traded ASX 200 shares on Wednesday appeared first on The Motley Fool Australia.

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More reading

• Are Telstra shares still worth holding for dividend income today?
• What market prediction sent the Magellan share price spiking 9% today?
• ASX 200 lithium shares get busy amid dire supply call
• ASX 200 midday update: Megaport rockets, Allkem’s update, tech shares rally
• Why is the Novonix share price launching 5% higher today?

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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If you’re looking for an easy way to invest your hard-earned money, then exchange traded funds (ETFs) could be worth considering.

That’s because rather than picking a few shares to invest in, ETFs allow you to spread your risk by investing in a large group of shares through just a single investment.

With that in mind, here are three ETFs that are highly rated right now:

BetaShares Global Cybersecurity ETF (ASX: HACK)

The first ETF to look at is the BetaShares Global Cybersecurity ETF. It provides investors with exposure to the leaders in the global cybersecurity sector. Among the companies you’ll be owning are cybersecurity giants Accenture, Cloudflare, Crowdstrike, and Okta. These companies appear well-placed for long term growth thanks to increasing demand for cybersecurity services as more infrastructure heads to the cloud and cyber attacks increase.

BetaShares NASDAQ 100 ETF (ASX: NDQ)

Another ETF to consider is the popular BetaShares NASDAQ 100 ETF. This ETF allows investors to own a slice of the 100 largest (non-financial) shares on the famous NASDAQ index. This means you’ll be buying a stake in giants such as Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla. With the NASDAQ index down heavily in 2022, now could be an opportune time to make a long-term investment.

VanEck Vectors Video Gaming and eSports ETF (ASX: ESPO)

A final ETF to look at is the VanEck Vectors Video Gaming and eSports ETF. This fund gives investors access to many of the leading companies in the video game market. Included in the fund are high quality companies such as Aristocrat Leisure Limited (ASX: ALL), Electronic Arts, Nintendo, Nvidia, Roblox, and Take-Two. VanEck notes that these companies have exposure to a video game market benefiting from 2.7 billion active gamers globally.

The post 3 high quality ETFs for ASX investors to buy today appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended BETA CYBER ETF UNITS and BETANASDAQ ETF UNITS. The Motley Fool Australia has positions in and has recommended BETA CYBER ETF UNITS and BETANASDAQ ETF UNITS. The Motley Fool Australia has recommended VanEck Vectors ETF Trust – VanEck Vectors Video Gaming and eSports ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Woodside Energy Group Ltd (ASX: WDS) share price has been on a roll in 2022 so far. The stock has racked up an impressive 43% gain since the start of this year. At the time of writing, the Woodside share price is $32.56.

So is it blue skies ahead for the newly crowned energy goliath? Allan Gray chief investment officer and managing director Simon Mawhinney thinks so.

In fact, the fundie appears broadly bullish on the energy sector. Though, he’s holding particularly high hopes for the S&P/ASX 200 Index (ASX: XJO) energy giant.

Let’s take a look at why Mawhinney is backing Woodside to go higher.

Why this fundie is bullish on Woodside shares

The Woodside share price has been gaining this year, driven higher amid the company’s merger with BHP Group Ltd (ASX: BHP) petroleum assets.

That’s despite notable criticism of Woodside’s crown jewel, the Scarborough Project. But the project is one of the many reasons Mawhinney likes the stock.

“[Woodside] has an asset base with long reserve lines, particularly when Scarborough is developed,” the fundie said.

The company expects the $17 billion project to be up and running in 2026. And Mawhinney is confident the green energy transition won’t have wiped away demand for fossil fuels by then, saying:

We find it very hard to see oil prices falling to [consensus’ expectations of] US$70 a barrel.

Especially when you take into account the cost of extracting this; the limited investment that’s gone into replacing new supply; and the fact that even in a net-zero 2050 world there will be hydrocarbon consumption that will be needed for decades to come.

All of those together, our expectations for what oil and gas prices are likely to be going forward makes Woodside an attractive investment.

The fundie finds Woodside shares so attractive, in fact, that the energy stock made up nearly 11% of the Allan Gray Australian Equity Fund last month.

It was joined in the fund’s top ten holdings by energy stocks Worley Ltd (ASX: WOR) and Origin Energy Ltd (ASX: ORG).

The post Why this fundie believes Woodside shares are still an ‘attractive investment’ appeared first on The Motley Fool Australia.

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• Why is the Woodside share price leaping today?
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• 5 things to watch on the ASX 200 on Monday

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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