In today’s briefing:
- EQD | Westpac Banking (WBC AU) – Expected Move on Profit Announcement and Option Insights
- ADX Energy (ASX: ADX): New acreage in Austria increases prospect inventory with a focus on low risk
EQD | Westpac Banking (WBC AU) – Expected Move on Profit Announcement and Option Insights
- Westpac Banking (WBC AU) is set to announce its 2025 First Quarter Trading Update on 17 February.
- Options expiring 20 February can provide an indication of the size of the move expected on the day, as well as directional bias.
- The options market expects a 2.1% to 2.6% move in either direction until 20 February, in-line with historic moves. Peers have so far performed positively on reporting days this month.
ADX Energy (ASX: ADX): New acreage in Austria increases prospect inventory with a focus on low risk
- ADX’s acreage in Austria has been modified to include additional near-term, low-risk gas prospects, as well as high-impact, higher-risk opportunities.
- One focus of the 2025 program is to drill shallow, low-risk, high initial production gas prospects that can be rapidly put into production.
- ADX has more than tripled the number of these prospects within its revised acreage positions at ADX-AT-I and ADX-AT-II, holding 100% WI in the new prospects.
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