From Comsec today:
Comsec analysts rate WPL as a "hold/outperform"(compared to Santos as a "hold/underperform"
They value WPL at $16.95 a share.
Each additional $1.00 increase in the US oil price increases WPL's net annual profit by A$23 million
A one cent change in the exchange rate alters WPL's net profit by A$12 million.
So .... if the US oil price continues to rise and if the Aussie $ starts to fall there will be bucketloads of cash coming WPL's way.
WPL produced 59 mboe in 2003 - that figure is set to rise expotentially to around 100 mboe in 2007 with the Enfield project a major contributor.
West African exploration and exploration in the Gulf of Mexico have the potential to significantly add to WPL's oil and gas reserves.
This is company that will not "run out of oil" in the medium / long term.
With oil prices under continued upward pressure WPL is destined to be a winning stock for the rest of this decade.
woodside to outperform
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Last
$27.97 |
Change
-0.110(0.39%) |
Mkt cap ! $53.09B | |||
| Open | High | Low | Value | Volume |
| $28.07 | $28.18 | $27.93 | $63.94M | 2.279M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 6682 | $27.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.97 | 1150 | 12 |
View Market Depth
| Last trade - 14.06pm 21/05/2024 (20 minute delay) ? |
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Last
$28.02 |
Change
-0.110 ( 0.23 %) |
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| Open | High | Low | Volume | ||
| $28.03 | $28.18 | $27.93 | 503366 | ||
| Last updated 14.25pm 21/05/2024 ? | |||||
| WDS (ASX) Chart |