hanrahan,
I am not sure that your first assumption is correct - i.e "The "old" WPL is an oil company". Ever since the NWS development in the 80's it has been a significant gas producer (measured in bblev).
I see no reason to split the company. Having two separate income streams, one exposed to the day to day oil price and one with a lagging exposure means that the income stmt is "smoothed" and not as volatile as it could be - this makes for ease of planning cash flow and expenditure. A critical element for a gas and oil producer.
HT1
smell something good, page-14
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Last
$24.05 |
Change
0.270(1.14%) |
Mkt cap ! $45.66B | |||
| Open | High | Low | Value | Volume |
| $23.82 | $24.09 | $23.76 | $106.1M | 4.408M |
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| No. | Vol. | Price($) |
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| 4 | 17393 | $24.04 |
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| Price($) | Vol. | No. |
|---|---|---|
| $24.05 | 4691 | 1 |
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