WDS 0.63% $23.78 woodside energy group ltd

should i sell?, page-11

  1. 169 Posts.

    Consider this. In April this year there was talk of a BHP takeover of WPL for A$46 billion.

    http://www.theaustralian.com.au/business/bhp-targets-woodside-for-46-billion-takeover/story-e6frg8zx-1226036711797

    By June 21, the headlines were "BHP Billiton could be about to launch an A$35 billion takeover bid for Woodside Petroleum, according to market analysts, after shares in the Perth-based explorer closed below $40.

    http://www.australianbusinessjournal.com.au/share-price-drop-could-encourage-bhp-woodside-bid/

    From 46 billion to 35 billion and now the SP is heading south again, to below $30, what will BHP's offer be?

    How much of Woodslides slide is due to the Browse bungling?

    I would put more faith in this assessment in The Australian Business when considering the future of WPL.

    "While Mr Coleman this week said Browse was on track for a mid-2012 investment decision, some analysts are not convinced.
    In a report earlier this month, Goldman Sachs analyst Mark Wiseman said he expected Browse to cost more than $US40bn and to be potentially uneconomic.
    "Woodside's project timetable (of a mid-2012 final investment decision and a 2017 start-up) still looks unrealistic," Mr Wiseman said in his report.

    http://www.theaustralian.com.au/business/mining-energy/shell-pushed-pipeline-plan-for-offshore-gas/story-e6frg9df-1226114069225
 
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Last
$23.78
Change
-0.150(0.63%)
Mkt cap ! $45.15B
Open High Low Value Volume
$24.00 $24.09 $23.75 $107.2M 4.489M

Buyers (Bids)

No. Vol. Price($)
10 4181 $23.77
 

Sellers (Offers)

Price($) Vol. No.
$23.78 38948 1
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