While he doesn't seem to have a lot nice to say about WPL, I do think this article highlights the reason the market is marking WPL down:
https://www.boilingcold.com.au/woodsides-scarborough-lng-was-uneconomic-before-price-crash-woodmac/
I was researching a potential investment in WPL and couldn't find much to prove anything in his article wrong. With the Qataris having plenty of supply available to bring online then low cost production is key. WPL have had low cost production in the past, but with NWS in decline and future options expensive, I see why the market isn't willing to pay up for WPL.
Why price falling today?, page-83
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Last
$25.56 |
Change
-0.780(2.96%) |
Mkt cap ! $48.53B | |||
| Open | High | Low | Value | Volume |
| $25.80 | $25.99 | $25.55 | $116.3M | 4.528M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 5375 | $25.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $25.60 | 14271 | 2 |
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| WDS (ASX) Chart |