The view of "Societe Generale": 18.12.03 :-
"WPL is one of the strongest long term growth companies listed on the ASX.
The NW Shelf continues to grow its output, both domestically and in the export market, recently winning new contracts to supply China, Korea and Japan.
Until recently, the company faced a production decline until 2005, but recent initiatives suggests that 2003 now represents the low point for production, and that a more positive trend is about to begin. "
The only modification I would make to the above would be to the last sentence:
viz. "a more positive trend HAS BEGUN"
wpl - strong long term growth company
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