We should appreciate the resistance & negativity towards WPL's Scarborough project. Video below makes references to "IF" Scarborough goes ahead, and if so, it will be the LAST mega LNG project for WPL.
The way I read this, is that there isn't (and may never be) investor appetite to back WPL at growth level SP levels (at say $30). There is a real chance that it wont meaningfully rise above $25, and instead existing SH's will be rewarded by 10% dividend payouts for a number of years.
It is hard to deny the change in the "financial climate" over 2021. There is no other way to reconcile WPL @ $27 earlier this year, with lower POO, and greater uncertainty in Scarborough FID and Scarborough funding, with WPL @ $22 today.
We may need to prepare for $1+ dividend and WPL still at $23 in early 2022.
Hope I am wrong though.
Cheers.
LNG Future is discussed at 20min mark in this video.
We should appreciate the resistance & negativity towards WPL's...
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Last
$26.87 |
Change
-0.225(0.83%) |
Mkt cap ! $51.28B | |||
| Open | High | Low | Value | Volume |
| $27.00 | $27.07 | $26.83 | $44.31M | 1.643M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 2472 | $26.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.87 | 1289 | 7 |
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