Latest news with #WDS
News.com.au
20 hours ago
- Business
- News.com.au
Closing Bell: ASX pushed lower by bank stock profit taking; WDS gas project rubber stamped
ASX falls as profit taking cuts banking stocks Energy sector booms on WDS project green light CPI comes in at 2.4pc vs expectations of 2.3pc A trend of profit taking in the larger banking stocks has pushed the ASX lower by -0.13%, erasing gains made earlier this morning. Sticky inflation slightly above expectations didn't help matters. CPI rose by 2.4% over the year to April, just above hopes of a small dip to 2.3%. While still firmly in the RBA's target band, the inflation read has increased uncertainty around the RBA's July interest rate meeting. The market is pricing a 25-basis point cut for July, with a probability of about 65%. Nonetheless, rate-sensitive stocks were on the up today, with Info Tech and Real Estate sectors both adding more than 1% in trade. Energy performed even better, adding more than 2% sector-wide despite a 1% fall in the oil price overnight. A rubber stamp from the federal government for Woodside Energy's (ASX:WDS) North West Shelf gas project might've had something to do with it. The green light has extended the life of Australia's largest oil and gas project to 2070 after a six-year period of deliberation. More on that in a moment. Back on the ASX, the All Tech index jumped 1.3% despite the dour market mood, while the ASX Small Ords posted a 0.34% lift. Weebit Nano (ASX:WBT) climbed 4.11%, RPM Global (ASX:RUL) 6.32% and Eroad (ASX:ERD) soared 17.59%. Woodside's North West Shelf gas project green lit After six years in limbo, WDS stock jumped 3.22% on news the North West Shelf project had been rubber stamped. "Following the consideration of rigorous scientific and other advice including submissions from a wide cross-section of the community, I have today made a proposed decision to approve this development, subject to strict conditions, particularly relating to the impact of air emissions levels from the operation of an expanded on-shore Karratha gas plant," Environmental minister Murray Watt said in a statement. The government – both federal and state – has received a lot of pushback over this particular development, from a variety of environmental, indigenous and community groups. In response, Prime Minister Albanese pointed out that there's a difference between net zero emissions and zero emissions whatsoever. He argued the firming capacity of natural gas was vital to the renewable energy transition. 'We need to make sure that there is security of energy supply at the same time as we support the transition which reduces our emissions,' he said. Climate and indigenous groups are already raising concerns, with former chair of the Murujuga Aboriginal Corp and co-founder of Save Our Songlines Raelene Cooper threatening legal action against the project approval. 'See you in court,' she said in response to the news. The Climate Council argued that a 40-year extension would turn the North West Shelf project into 'the most polluting fossil fuel project green-lit by the Albanese government". Their modelling predicts emissions from the project over its new life time will equal more than a decade's worth of annual emissions from Australia as a whole. WA Premier Roger Cook said gas was a step in the decarbonisation journey, with an important role to play in transitioning from coal-based energy production. "I'm not going to shackle Western Australia to legislation which damages our efforts to help the globe to decarbonise and reduce emissions," he said. Western Australia remains the only state in Australia that has not committed to an emissions target for 2030. ASX SMALL CAP LEADERS Today's best performing small cap stocks: Security Name Last % Change Volume Market Cap SFG Seafarms Group Ltd 0.002 100% 2859739 $4,836,599 CTN Catalina Resources 0.0035 75% 34046776 $4,852,038 AYM Australia United Min 0.003 50% 9691768 $3,685,155 CZN Corazon Ltd 0.0015 50% 500000 $1,184,572 MOM Moab Minerals Ltd 0.0015 50% 500000 $1,733,666 PAB Patrys Limited 0.0015 50% 1750000 $2,057,447 SKN Skin Elements Ltd 0.003 50% 185172 $2,150,428 BMO Bastion Minerals 0.002 33% 500000 $1,355,441 CCO The Calmer Co Int 0.004 33% 35965065 $9,033,947 PVT Pivotal Metals Ltd 0.008 33% 8902191 $5,443,355 TFL Tasfoods Ltd 0.004 33% 123592 $1,311,287 YAR Yari Minerals Ltd 0.008 33% 2840445 $3,328,269 NWM Norwest Minerals 0.012 33% 4676283 $7,464,168 CDE Codeifai Limited 0.007 27% 5750 $1,793,175 ODE Odessa Minerals Ltd 0.007 27% 7038366 $8,797,429 BYH Bryah Resources Ltd 0.005 25% 3275000 $3,479,814 CR9 Corellares 0.0025 25% 106667 $2,011,213 EVR Ev Resources Ltd 0.005 25% 4621189 $7,943,347 JAV Javelin Minerals Ltd 0.0025 25% 2360775 $12,092,298 OLI Oliver'S Real Food 0.005 25% 4168 $2,162,928 PRX Prodigy Gold NL 0.0025 25% 1200000 $6,350,111 SHP South Harz Potash 0.005 25% 207400 $4,410,915 LKY Locksleyresources 0.061 24% 90149790 $7,186,667 T92 Terrauraniumlimited 0.037 23% 1005654 $3,057,462 CCM Cadoux Limited 0.039 22% 66708 $11,869,363 Pivotal Metals (ASX:PVT) said it has uncovered bonanza-grade gold at its Lorraine prospect in Quebec, with one historical channel sample hitting 28 metres at 45.2g/t gold. A deeper drill hole pulled 0.97m at 56.2g/t, including a spicy 0.15m at 233.9g/t. The gold sits in a 600-metre corridor of copper-gold quartz veins, just 12km from the historic Belleterre mine. It's largely untouched ground for gold, with previous efforts focused on copper and nickel. Pivotal's now launching a full-blown field program to line up fresh drill targets. It reckons this could be the next big hit in its BAGB project, already home to high-grade copper and nickel. Locksley Resources (ASX:LKY) has locked in $1.47 million through a well-supported placement at 4 cents a share to fund drilling at its Mojave Project in California. The cash will go straight into boots-on-ground exploration, with the team already mobilising. Drilling's planned for the September quarter, targeting rare earths at El Campo (up to 12.1% TREO) and high-grade antimony at the Desert Antimony Mine (up to 46% Sb), pending final permits. ASX SMALL CAP LAGGARDS Today's worse performing small cap stocks: Security Name Last % Change Volume Market Cap VPR Voltgroupltd 0.001 -50% 5234322 $21,432,416 UCM Uscom Limited 0.012 -37% 538265 $4,759,063 RDS Redstone Resources 0.0045 -36% 8842279 $6,477,649 1AD Adalta Limited 0.002 -33% 190000 $1,929,668 OVT Ovanti Limited 0.002 -33% 38030791 $8,380,545 ADD Adavale Resource Ltd 0.0015 -25% 3479942 $4,574,558 IFG Infocusgroup Hldltd 0.006 -25% 19387535 $2,099,415 HCF Hghighconviction 0.026 -21% 74706 $640,414 ADY Admiralty Resources. 0.004 -20% 111653 $13,147,397 ERL Empire Resources 0.004 -20% 360334 $7,419,566 MEL Metgasco Ltd 0.002 -20% 165112 $3,643,967 POD Podium Minerals 0.03 -19% 3477618 $25,212,193 KGD Kula Gold Limited 0.0065 -19% 1053433 $7,370,029 PIL Peppermint Inv Ltd 0.0025 -17% 500000 $6,712,918 RFA Rare Foods Australia 0.005 -17% 524700 $1,631,899 TON Triton Min Ltd 0.005 -17% 2758518 $9,410,332 DES Desoto Resources 0.14 -15% 2465481 $30,727,035 TOU Tlou Energy Ltd 0.017 -15% 164917 $25,971,686 RLF Rlfagtechltd 0.041 -15% 407495 $17,851,431 AQI Alicanto Min Ltd 0.024 -14% 850634 $23,748,003 GBE Globe Metals &Mining 0.03 -14% 153955 $24,312,855 CR1 Constellation Res 0.11 -14% 4500 $8,037,753 THB Thunderbird Resource 0.013 -13% 2875045 $5,846,121 MGL Magontec Limited 0.17 -13% 115882 $11,107,556 AJX Alexium Int Group 0.007 -13% 85299 $12,691,429 IN CASE YOU MISSED IT Titanium Sands (ASX:TSL) has been awarded one-year retention licences for the company's Sri Lankan heavy mineral sands project, allowing the progression to environmental studies. Bubalus Resources (ASX:BUS) is looking to sharpen up targets at the Crosbie North gold-antimony prospect ahead of a drilling campaign slated for Q3. Victory Metals (ASX:VTM) has raised $4 million to accelerate a Pre-Feasibility Study and development of its flagship North Stanmore rare earths project, the largest clay-hosted Heavy Rare Earth deposit in Australia. Trading halts At Stockhead, we tell it like it is. While Titanium Sands, Bubalus Resources, Locksley Resources and Victory Metals are Stockhead advertisers, they did not sponsor this article.
Forbes
06-05-2025
- Forbes
Windows Memory Exhaustion Network Crash Warning — No Microsoft Fix
Beware this Windows Deployment Services memory exhaustion attack. getty Microsoft is no stranger to vulnerabilities; heck, there were 684 Windows Server security flaws confirmed in 2024 alone. This is, in fact, a positive thing as it's far better to know about a vulnerability than only discover it once it has been exploited. Which is why Microsoft has paid hackers $60 million in bug bounties for such responsible disclosures. But what if I were to tell you that one security researcher has found a vulnerability that enables a remote attacker to crash your enterprise network at will, and Microsoft isn't interested in paying them diddly squat, or fixing the problem for that matter. Welcome to the worrying world of the Windows Deployment Services memory exhaustion attack technique. Forbes Confirmed — 19 Billion Compromised Passwords Published Online By Davey Winder You can read any number of reports and warnings about remote code execution vulnerabilities and exploits against Windows networks. The security research community might be said to be fascinated by them. And for good reason: The ability to execute arbitrary code remotely leaves your network, and ultimately the operation of your organization, vulnerable to ransomware attacks, cyber-espionage, and more. Writing in a detailed technical blog posting, Peng warns of the dangers presented by a denial-of-service attack exploiting a vulnerability pattern in User Datagram Protocol remote services that are employing Windows Deployment associate professor demonstrated how an attacker can crash your Windows enterprise network without any authentication or user interaction by deploying a remote Denial of Service attack in WDS. 'WDS is critical for IT administrators managing corporate networks, data centers, or educational institutions requiring streamlined, secure OS deployments,' Peng said, explaining that an attacker can easily forge client IP addresses and port numbers, to create new sessions until all system resources are exhausted. Forbes Google Issues New Windows Password Security Alert By Davey Winder The full technical methodology is in Peng's report, but just know that this easy-to-exploit vulnerability enables an attacker to disrupt a network rapidly and effectively as it literally collapses from memory exhaustion. You might think that Microsoft would be all over this, but that doesn't appear to be the case. Peng disclosed the vulnerability to Microsoft Feb. 8. and it was confirmed March 4. Come April 23, Microsoft told Peng that the vulnerability is 'moderate' and doesn't meet the bar for security action, including bounty payments. The same day, Peng responded to urge Microsoft to react as it was 'an important DoS bug without authentication (preach) or user interaction (0-click)' but as nothing more was heard, decided to publish the blog. Peng recommends that users abandon Windows Deployment Services as 'there is currently no good way to mitigate this issue unless Microsoft takes responsibility and releases a patch.' I have reached out to Microsoft for a statement. Forbes Government Security Warning Issued As Password And 2FA Hackers Strike By Davey Winder
Business Insider
24-04-2025
- Business
- Business Insider
UBS Sticks to Their Hold Rating for Woodside Energy Group (WDS)
UBS analyst Tom Allen maintained a Hold rating on Woodside Energy Group (WDS – Research Report) today and set a price target of A$23.20. The company's shares opened today at A$19.80. Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. According to TipRanks, Allen is a 4-star analyst with an average return of 4.8% and a 51.70% success rate. Allen covers the Energy sector, focusing on stocks such as Origin Energy Limited, Santos Limited, and Beach Energy Limited. In addition to UBS, Woodside Energy Group also received a Hold from Macquarie's Mark Wiseman in a report issued today. However, on April 8, Jarden maintained a Buy rating on Woodside Energy Group (ASX: WDS). WDS market cap is currently A$37.38B and has a P/E ratio of 6.90. Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WDS in relation to earlier this year.
Yahoo
21-04-2025
- Business
- Yahoo
Chevron Exits Egypt's Red Sea Blocks, Eyes Mediterranean Prospects
Chevron Corporation CVX, along with several other multinational energy firms, has exited its oil concession blocks in Egypt's Red Sea region after failing to discover commercial oil or gas reserves. Despite making substantial investments over and above their commitment, one company, which reportedly spent $34 million against an initial commitment of 10 million, did not find any viable resources. As a result, Chevron renounced 45% of its stake in Red Sea Block 1, located in the northern Red Sea. The block is jointly held by Chevron and Australia-based oil giant Woodside Energy Group Ltd WDS. Egypt initially awarded the oil and gas exploration concessions in the Red Sea in 2019 to Chevron, Shell plc SHEL and Mubadala following an international bidding round. The concession was part of Egypt's broader strategy to become a regional energy hub. Chevron was awarded the first block, Shell, the second, and the third block was jointly awarded to Shell and Mubadala. The total area covered by these concessions spans approximately 10,000 square kilometers (3,860 square miles), with a minimum investment commitment of $326 million. However, the lack of success in these explorations has prompted a strategic pivot. While Shell declined to comment and other partners remained silent, the Egyptian Petroleum Ministry maintains that the Red Sea region still holds potential. The petroleum ministry of Egypt did not mention the names of other companies that renounced their Red Sea blocks. At the same time, the big energy giants like SHEL and WDS, which hold the blocks in the Red Sea, also refused to make any comment. Chevron, currently carrying a Zacks Rank #3 (Hold), is not moving back from Egypt completely but rather redirecting its focus. The company has expressed interest in three new exploration blocks, including two in the Mediterranean, where it will operate alongside partners such as Shell and Woodside Energy. Shell and Chevron have applied for new concessions in the region, reaffirming their long-term commitment to Egypt's energy landscape. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Egypt's energy output has faced recent challenges, with natural gas production declining from 4.6 to 3.6 billion cubic meters year over year (January 2024 to January 2025). The government is taking stern actions to stabilize the supply ahead of the high-demand summer months by securing natural gas shipments and deploying three to four floating storage units. With lessons learned from last year's power shortages, Egypt is also putting emergency plans in place to address sudden demand surges. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Chevron Corporation (CVX) : Free Stock Analysis Report Shell PLC Unsponsored ADR (SHEL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
17-04-2025
- Business
- Yahoo
Woodside Energy confirms discussions with Uniper
Woodside Energy (WDS) said, 'In response to recent media speculation, Woodside confirms it is in discussions with Uniper (UNPRF) regarding potential LNG supply. Discussions between the parties are ongoing and incomplete and no final agreement has been reached on the terms. Woodside will continue to update the market in accordance with its continuous disclosure obligations.' Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on WDS: Disclaimer & DisclosureReport an Issue Woodside Energy announces Louisiana LNG partnership with Stonepeak Woodside Energy's 2025 Sustainability Briefing Highlights Commitment to Sustainable Growth Woodside Energy Group Announces 2025 AGM Amidst Record Performance and Strategic Growth SLB awarded drilling contract by Woodside Energy for Trion development project Baker Hughes, Woodside Energy announce collaboration framework Sign in to access your portfolio
