You do realise that SNE at $60 oil would only generate around $45 million profit a quarter for WPL - and thats 2025+ (to give a few years revenue to pay off production costs. That's using CNEs production numbers, OPEX guidence and taking into account government take + WPLs target first oil.
Now at a PE of 12, it in 2025 will represent about 2.1B of WPLs market cap... A single project of this scale is not make or break WPL, discount the project to present day and you'll see it shouldn't represent a major part of WPLs price...
Pluto 1.5mta expansion, Wheatstone and Myanmar are all projects which I'd value in the 2-4B to WPLs market cap, with the real further growth $5-10B being Port Arthur, Grassy Point, Kittimat, Scarborough etc. they are bigger slower moving projects. PC needs one of these to go ahead - the rest are bonuses.
Senegal is a nice project, but far from critical to WPL or PC.
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Last
37.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $34.19M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 266 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 3420 | 1 |
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| Last trade - 16.21pm 18/07/2025 (20 minute delay) ? |
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