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
$27.70 |
Change
0.550(2.03%) |
Mkt cap ! $52.59B | |||
| Open | High | Low | Value | Volume |
| $27.30 | $27.70 | $27.21 | $407.3M | 14.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 96716 | $27.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.70 | 43611 | 3 |
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| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
$27.53 |
Change
0.550 ( 1.48 %) |
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| Open | High | Low | Volume | ||
| $27.29 | $27.55 | $27.22 | 3348152 | ||
| Last updated 15.59pm 31/05/2024 ? | |||||
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