growth ????, page-5

The risk with Israel is that the export rate may be dropped even further to 25%, with annual LNG payments also being revised (currently 11.5% of revenue above an agreed escalating price threshold but capped at US$1 billion). At the end of the day it's their gas and they can do what the like with it. If PC doesn't like it, then they will find someone else who will.

Aside from Israel, there is a general nervousness in capital markets with concerns about global growth, slowing demand for energy and growing supply. German growth is slowing fast (spoke to a German auto producer that cut production 40% yesterday), so this puts Europe at risk again. I also think China is slowing faster than being reported is why commodity prices are low and Germany is slowing down.

HT pointed out the other concerns but there is nothing new there. At any rate WPL has always bounced from $30-$33 levels and there is a dividend coming up in August, so you should use this opportunity to top up and position yourself for the dividend. You can't really go wrong buying WPL between $30 & $33.