Wds couldn’t divest both Scarborough and Senegal oil which upsets investors with high expectations. Should both deals become fruition. 3 to 4bill free capitals will be rewarded to investors and 2 usd special divies on horizon. This comes to the point what is the long terms oil price. If you believe fossil fuel industry is endangered species like tobacco, then it’s better to be selling down at whatever the price is. But if you believe Goldman or JP Morgan, the oil price will be floored at 80USDbbl and 130 or 200 of longer term due to lack of investment or ESG. Then should not divest. I am sure of Meg and co will do calculations and to get best of return for those assets to holding onto or sell down.
WDS Price at posting:
$33.65 Sentiment: Buy Disclosure: Held
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