The merger will almost certainly go ahead. The market is waiting on several things . Firstly , the merger being locked down. Secondly the sale of Sangomar part interest . Thirdly , sale and go ahead for Scarborough. Scarborough has full support from WA govt and the noisy anti oil minorities will not get their way.
Regarding dividends , we shouldn’t overlook the large cash inflows from the ex BHPP assets .
I don’t anticipate a big jump in dividend payout until Meg feels comfortable regarding financing . So there are still many moving parts to this world class major oil and gas company but when everything is done and dusted , I believe we will see some serious shareprice movement.
Then there is a wildcard possibility. Although a previous takeover offer from Shell was not approved, we are in different times now. If the WPL shareprice remains seriously undervalued , it is possible we could see an offer .
WPL@$30, page-4336
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Last
$24.36 |
Change
-0.340(1.38%) |
Mkt cap ! $46.25B | |||
| Open | High | Low | Value | Volume |
| $24.40 | $24.50 | $24.13 | $170.0M | 6.991M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2150 | $24.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $24.38 | 50100 | 2 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| WDS (ASX) Chart |