Hi Dugite, oilers like WPL make super profits by exploring, developing and producing. Tolling receipts are just an ordinary return on infrastructure. Some firms specialize in investing in infrastructure- their risk profile is of course different from WPL. So, let others invest in the NWS assets- that is what they do well. Let WPL take risks and do what made them a $40+ SP company in the first place.
Why are they not a $40 SP company now- apart from covid? They did not find enough gas for Pluto train 2- as hard as they tried- that is business. And US shale brought down the price of oil- that happens.
They are still a good company. Their market is Asia- who will need LNG for its next phase of development.
IMHO DYOR
Hi Dugite, oilers like WPL make super profits by exploring,...
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