re: oil is up - wpl is up WPL stronger today - still plenty of steam left in this oil flagship imo.
Remember, every $1.00 increase in the price of oil transaltes into an additional profit of around $23 million to WPL's bottom line (assuming the currency exchange rate remains constant).
If the Aussie $ falls, WPL's profits increase quite dramatically.
It bears watching - could get very, very interesting.
oil is up - wpl is down, page-3
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