WPL@$30, page-216

I agree with you here - this is pretty much my view on WPL.

The forecast upcoming cashflow/profits/dividends all point towards a share price far higher than current levels. I’m banking on these ultimately becoming, as you say, too difficult to ignore.

Right now politically and socially, investing in oil and gas stocks is almost shameful. Big super funds are setting up ‘ethical’ funds and ‘sustainable’ funds. Obviously the more members tick that box, the more funds flow out of the likes of WPL. But money talks. When the ‘ethical’ fund returns 2% one year and the regular growth funds (loaded with oil and gas stocks on the rebound) return 18% you watch all these ethical green-lite box tickers jump ship !

The beginnings of this reversal of investment flow isn’t far away now. WPLs next set of results backed by a full half year with the POO in the 60’s will be the trigger.