Pretty much. Similar to what happened when we gave away non-core assets as S32 to existing holders.
There is a bit of a difference this time around, and that is the unfortunate pressure from the environmentally dirty part of our business gets taken away as part of this deal. It has been a bit of a headwind to the SP the last couple of years. Too many LICs, Insto and retirement funds moving away from the perceived non-environmentally kosher part of the business...
BHP Oil and Gas is roughly $28b USD on valuations see below. Roughly $25.4% of the MC of $110,202,250,337usd at 0.73 FX... MC aud at todays close is $151,210,552,054
This is roughly around $7.6 aud per share.
Good move, good divvy, overall good FY result.... Never owned WPL nor do I care. I'll probably end up selling the shares like I did S32 in 2015.
P.S. I do wonder which lucky coal miner gets the Coal assets. WHC, NHC, CRN etc...place your bets.
News: BHP BHP Group Announces Agreement To Pursue A Merger Of Petroleum Business With Woodside, page-20
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Last
$43.48 |
Change
-0.910(2.05%) |
Mkt cap ! $220.5B | |||
| Open | High | Low | Value | Volume |
| $44.10 | $44.11 | $43.42 | $298.9M | 6.843M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 5791 | $43.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.48 | 13649 | 1 |
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| Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |