Can you tell me why you think this?
I think the weight on the price is dwindling years of reserves. I think Woodside has a lot of ageing assets in the North West Shelf and Bass Strait assets. Proven but undeveloped reserves in Sunrise and Browse with a very high cost base, hence not receiving an FID in the past 15 years.
I guess in the short term (1-2 years) there should be a bump up from Scarborough and Senegal but I believe the company forecast was trying to maintain overall production over the next 10 years with a lower operating margin (scarborough - compression costs and no condensate, senegal complex reservoir with lots of wells required).
Woodside, page-1199
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Last
$26.34 |
Change
-0.340(1.27%) |
Mkt cap ! $50.01B | |||
| Open | High | Low | Value | Volume |
| $27.10 | $27.20 | $26.17 | $149.7M | 5.643M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2353 | $26.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.35 | 2527 | 2 |
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| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| WDS (ASX) Chart |