re: Ann: Woodside Reports 2013 Half-Year Prof... Psi81 and Gkp.I...

re: Ann: Woodside Reports 2013 Half-Year Prof... Psi81 and Gkp.

I think psi81 is correct the company pays you what it has to ton get you to do the job. I have also travelled for years to get the job done 26 weeks out of 52 overseas and in dangerous places but I was not in mining or O&G just retail and it really wasn't pleasant but I knew that I got paid well and it allowed me to have the lifestyle I wanted and also to get out when I wanted as well.

The problem is that these days I get the impression that everyone begrudges the investor. The MRRT - the this OHSA , this new compliance - once sat on a plane in Sydney a few years ago we could smell that a crate of wine had been broken on unloading or loading in the cargo but we had to sit for an hour for Hazmat to come smell what we could and say its okay remove the crate. Imagine the airline paying for this or paying an electrician to replace the light-bulb.

Waste - yes there is but how can you be conscientious if you have to get an electrician to replace the broken globe. The cycle will turn IMO - I dont see many investors saying its great to own mining shares that will never actually pay you a decent return.

The cycle of entitlement has swung too far IMO.

WPL is one of my stocks I really worry about because I think the balance between value and fully priced is very close . I bought in at 34 roughly and I read everything because I think it is very hard to make money.
Thanks to all those that are experts and share their knowledge for me without that knowledge I probably would not invest in WPL.