WDS 0.52% $28.59 woodside energy group ltd

JT, problem for WPL and Pluto is that the kooky LNG price...

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    JT,

    problem for WPL and Pluto is that the kooky LNG price formula they locked in for Pluto protected them if oil is less than $50bbl but gave away upside. This has a huge impact on their revenue. Trumpeted as a great deal at the time by Sir Voelte, another example of WPL pricing being worlds worst practice. Thankfully, not as bad as the guandong deal.
 
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