The merger will almost certainly go ahead. The market is waiting on several things . Firstly , the merger being locked down. Secondly the sale of Sangomar part interest . Thirdly , sale and go ahead for Scarborough. Scarborough has full support from WA govt and the noisy anti oil minorities will not get their way.
Regarding dividends , we shouldn’t overlook the large cash inflows from the ex BHPP assets .
I don’t anticipate a big jump in dividend payout until Meg feels comfortable regarding financing . So there are still many moving parts to this world class major oil and gas company but when everything is done and dusted , I believe we will see some serious shareprice movement.
Then there is a wildcard possibility. Although a previous takeover offer from Shell was not approved, we are in different times now. If the WPL shareprice remains seriously undervalued , it is possible we could see an offer .
WPL@$30, page-4336
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Last
$26.12 |
Change
0.600(2.35%) |
Mkt cap ! $49.59B | |||
| Open | High | Low | Value | Volume |
| $26.08 | $26.19 | $25.95 | $181.1M | 6.792M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13831 | $26.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.13 | 800 | 1 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| WDS (ASX) Chart |