Dream on. Woodside is a political football, probably more so than any other stock on the asx. You bury your head in the sand if you wish. The company should be free to operate and not shackled and neither should it be wasting shareholder capital on side-shows to placate the people who want to constrain its activities.
5% of company value lost in the ammonia deal which was a pure placation/transition play
Scarborough delays costing additional $300m in Capex and lost revenue of $5.4b
Further delays for our $30b investment in the north west shelf this week because of what you refer to as political claptrap.
You might be happy with shareholder value destruction but not all of us are. I commend our CEO for looking to friendlier juristriction in Louisiana where are capital is clearly more welcome. Maybe Australia will be friendlier again in a few weeks.
WDS Price at posting:
$23.81 Sentiment: Buy Disclosure: Held
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