Ann: Significant Item in 2019 Full-Year Results, page-12

.. this is this morning's Morningstar (hot off the press), so don't worry guys! :

Morningstar's Best Stocks

WPL	Woodside Petroleum Ltd	Last Price: $33.95	Fair Value: 50.00	P / FV: 0.67	Morningstar Rating:
Woodside Petroleum shares remain materially undervalued; we think the market is insufficiently pricing for liquefied natural gas growth potential. At the current share price, the 2019 dividend equates to a fully franked 4.1% yield in a company with no shortage of healthy growth prospects. Woodside's production target of 100 million barrels of oil equivalent for 2020 is in line with our own, an 11% increase on 2018's 90/mmboe before forecast growth to 130/mmboe from 2025, with a second Pluto LNG train contributing. Our group fair value estimate equates to a 2028 enterprise value/EBITDA of 9.6, crediting a 10-year revenue compound annual growth rate of 4% to $7.6 billion, including the oil price at an unchanged midcycle forecast of $60 per barrel (2023 real).