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1.28%

$24.63 woodside energy group ltd

Why price falling today?, page-105

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DefinedBenefit0

3,626 Posts.

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07/09/20

11:54

Post #: 47139388
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Originally posted by psi81: ↑

Doubt it. GLNG is the best takeover protection STO has, Cooper Basin's rehab liabilities would run in a close second and I'm sure they'd also prefer to do without the political hot potato that is Narrabri.

WPL has already had a bad experience with its foray into onshore O&G and I imagine they will want to stay well away from it in future. STO has some individually attractive assets in WA that WPL would surely be interested in at the right price but not the whole package. But STO will want to hold onto those, and there will be plenty of other offshore assets in WA and overseas held by 'motivated sellers' like BHP, Chevron or Shell that will probably win out on price.

Every time there's a big oil price crash, it takes a year or so but eventually there's a big wave of M&A and it wouldn't surprise me to see WPL make more acquisitions. Chevron's NWS stake is prime candidate, in fact I can't really see anybody else who'd be interested in that. A few other opportunities in WA. Bass Strait is less likely as it's riskier (both geologically and politically), onshore I think we can rule out completely.

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Agreed. The most profitable projects in Australia are offshore. CSG LNG was a blunder. WPL are well placed to pick and choose.

IMHO DYOR

WPL Price at posting: $19.01 Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last $24.63		Change -0.320(1.28%)		Mkt cap ! $46.76B

Open	High	Low	Value	Volume
$24.95	$24.97	$24.57	$153.8M	6.223M

Buyers (Bids)

No.	Vol.	Price($)
2	50453	$24.63

Sellers (Offers)

Price($)	Vol.	No.
$24.65	5000	1

View Market Depth

No.	Vol.	Price($)
1	1170	24.630
2	816	24.610
21	15316	24.600
2	605	24.590
2	1200	24.580

Price($)	Vol.	No.
24.650	5000	1
24.670	1773	1
24.700	580	2
24.710	2623	1
24.750	1812	2

Last trade - 16.10pm 18/10/2024 (20 minute delay)

WDS (ASX) Chart