It will be interesting to hear what WPL have to say about Senegal.
It is one almighty big elephant in the room.
These May investor days come around quickly.
Last year they didn't mention Senegal at all at their May day investor briefing and a week or so later they announced they had bought COP's 35%.
I wonder what surprises they have in store this year???
from the Australian today.
A 20-month high no ceiling for Woodside?
Woodside Petroleum shares will continue to rise over the next two months after hitting an almost two-year high on Tuesday, according to Morgan Stanley analysts.
Woodside (WPL) shares opened 0.8 per cent weaker this morning following a fall in the price of oil overnight to trade at $33.59 at 10:15am AEST – the shares touched a 20-month high on Tuesday.
“Sentiment around Woodside continues to improve,” Morgan Stanley equity analyst Adam Martin said.
“We expect the company will outlay strong growth plans at its May investor day, focussing on LNG expansion and clarity around the Senegal asset. At the same time energy prices continue to improve.
“We estimate that there is about a 60% to 70% (or “likely”) probability for the scenario.”
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