WPL has a number of headwinds and tail winds.
Posters have already indicated the headwinds. The tail winds are PLUTO trains 2, 3 and 4. They are very close to having enough gas for train 2 and there is increasing discussion in the press that BHP will do a deal with WPL to either
1) sell Scarborough to WPL for trains 3 and 4 or
2) use Pluto trains 3 and 4 to process Scarborough gas and provide WPL with third party gas processing payments.
Option 1 would almost certainly involve a capital raising. Option 2 could mean BHP pays WPL between $2B and $4B for use of the infrastructure.
So even if Browse falls over (which I certainly believe will not happen - the WA govt is behind Browse and wants it to go ahead. The protesters are like the ones who wanted to get Pine Gap closed down - they lost as will the Browse protesters), WPL has enough growth projects to sustain the current sp.
HT1
WPL has a number of headwinds and tail winds. Posters have...
Add WDS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$29.26 |
Change
0.030(0.10%) |
Mkt cap ! $55.55B | |||
| Open | High | Low | Value | Volume |
| $29.25 | $29.37 | $29.14 | $82.84M | 2.833M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 30080 | $29.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $29.27 | 1356 | 2 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| WDS (ASX) Chart |