boondog I am biting on your initial thread post; I'm especially keen to know how you came up with this statement and what you have, factwise to back it up?
"With oil/gas prices imploding and a very poor PER of about 20 and dividend average about 3.4 % I see WPL hitting back towards $26 mark fairly soon...."
Ok I admit our region's Tapis Crude POO has come back about US$8/bbl this past week but so has our AU$ [if not more than that] and our dollar is currently near parity with US$, do you agree?
So since Tapis Crude is now at US$116 and giving us a similar return in AU$ and with WPL soon to add an extra 30,000 bpd of oil from the new OKHA FPSO [33.3% to wpl] and I see WPL says 36% of its revenue comes from oil what is so grim about woodside's prospects that I am missing here.
Wish I had some spare cash to buy a blue chip like wpl yesterday at under $30 but unfortunately I spent it all on AWE at 91.5c so had to pull my WPL bid.
At least you and I agree it would be nice to see wpl at $26 soon because I'd be 'in like Flynn' and I'm guessing so would you pal!
Bloomberg Asia-Pacific Tapis Crude Oil
VALUE: 116.740 USD Spot Price (APCRTAPI:IND)
Change 1.280 (1.109%)
Open 116.74
High 116.74
Low 116.74
boondog I am biting on your initial thread post; I'm especially...
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