Horsetrader,
I stand corrected, struggling with debt is probably wrong thing to say.
They have large debt due to all the projects on the go. They are falling behind with NR2(B), Cossack, Vincent has its FPSO issues, and of course PLUTO.
The PLUTO raised costs are concerning and another blowout really would be hurting them. As the other projects are delayed, obviously those will; be costing more to.
So apologies for using that term.
I love WPL, but at present prefer to wait a little longer.
I think if BHP takeover had not come along or be in the background, this could be closer to mid $30s. IMO.
Good luck.
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