This purchase was not on the radar of many pundits (most pundits...

This purchase was not on the radar of many pundits (most pundits wouldn't know what day it is).
WPL are floundering if you ask me.
This deal doesn't make much sense in this environment.

Buying FAR makes much more sense imho.


Woodside to buy BHP gas assets
Woodside Petroleum has agreed to buy half of BHP Billiton’s Scarborough natural gas assets in the Carnarvon Basin offshore Western Australia.
As Matt Chambers reports, the purchase was not on many pundits radars, given the big, ExxonMobil-run field, and some smaller nearby ones, are generally thought to have little chance of near or mid-term development in the current market.
Woodside will pay $US250m to BHP when the transaction is completed, and a contingent payment of $US150m if an investment decision is made to develop the Scarborough field.