MARKET TALK: Woodside Plan Bad Sign For HDR, ROC - Dealer...

MARKET TALK: Woodside Plan Bad Sign For HDR, ROC - Dealer 30/11/05 10:57:00+

1056 [Dow Jones] Woodside's (WPL.AU) plan to sell 10.24% stake in Hardman
(HDR.AU) is a bad sign for HDR and Roc Oil (ROC.AU) says senior institutional
dealer. "I think it's a terrible sign, because you're the operator and you're
selling. It's not a great look. You should be selling Roc Oil as well, as it's
the other Mauritania partner. The whole thing looks a bit dry. I think ROC oil
at A$2.50 is a tremendous sell." Expects HDR to open down 10%. WPL up 0.9% at
A$35.26. ROC down 2.7% at A$2.50. HDR in trading halt. (DWR)