WPL is in an enviable position of all the oil plays on the ASX....

WPL is in an enviable position of all the oil plays on the ASX. It has
a) Benefited from Puto being in production for a number of years of high POO, which has generated
b) enormous free cash flow that has allowed
c) the ability to repair the balance sheet and
d) pay good dividends to shareholders. All this has allowed
e) the ability for WPL to do M&A at a good price.

Compare this to other LNG producers who have spent an enormous amount of CAPEX, only to have the free cash flow crimped by low POO. Share prices are reflective of the different outlooks.

Yes, WPL dividends will potentially be crimped (WPL, though, can use it's cash reserves to maintain a dividend payout - yes it will eat into the cash, but the board may make that call).

The decisions WPL make WRT cost cutting will be done, not because they have to , but because it makes sense to. They will not be doing it with a "financial gun" to their heads, as others are.

I am happy to hold and buy when it over corrects.

HT1