WDS 0.26% $26.94 woodside energy group ltd

Personally I think the Leviathan prospect is not suited to WPL...

  1. 134 Posts.
    Personally I think the Leviathan prospect is not suited to WPL because it has problems managing the unexpected and the Middle East is a most unstable region!

    WPL were initially attracted to the Leviathan prospect because it has refrigerated LPG offshore skills to fill ships to market. Now with Israel getting on better with its neigbours, the talk is to move the gas via a pipeline to onshore and then on to Turkey.

    This diminishes the expertise that WPL can bring and maybe see it exit from the project. They are probably asking, 'should we or shouldn't we?'.

    WPL has unpredictability in its bones and coupled with the shifting sands of middle eastern politics, that makes for 'unpredictability' squared!

    I would prefer WPL looked elsewhere to expand.
 
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