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Henry Jennings from Marcus Today shares his view on Woodside's (ASX:WDS) Louisiana project, noting it's a large $27 billion investment. The market remains sceptical about Woodside (ASX:WDS), with oil price pressures influencing stock performance. The project might enhance US ties, yet remains a cautious positive.
Discussing oil and gas, Henry highlights that despite Barclays lowering its oil price forecast, Morningstar sees potential in the sector, rating six undervalued stocks with five stars. Australian heavyweights like Santos (ASX:STO), Woodside (ASX:WDS) and mid-caps like Karoon (ASX:KAR) are under scrutiny due to ongoing oil price pressures.
In mining, Henry notes the improved sentiment, partially driven by short covering in stocks like Paladin (ASX:PDN). Unimpressive results from gold miners, due to production and cost issues, impact sentiment, but opportunities lie in bank stocks regarding results. NAB (ASX:NAB) receives favour, with interest in buy now, pay later trends growing.
