Down 12% in a month! Is the Woodside share price finally back in bargain territory?
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The ASX energy share Woodside Energy Group Ltd (ASX: WDS) has suffered a sizeable sell-off in the last month, dropping by 12% since 7 October 2024. That’s painful, considering the S&P/ASX 200 Index (ASX: XJO) is largely flat compared to a month ago.
But, when it comes to cyclical businesses like Woodside, a decline could be an opportunity for a brave investor who sees a turnaround.
As the chart above shows, the recent decline is not the whole picture. Since mid-September 2023, the Woodside share price is down close to 40%.
The ASX energy share hasn’t been this low since early 2022, just before the Russian invasion of Ukraine.
Can Woodside shares bounce back?
A key reason for the decline has been the decrease…
