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WPL, WOODSIDE PETROLEUM LIMITED
apache123
post Posted: Feb 27 2015, 09:33 AM
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Interesting.....

Why would you issue $1B in US corporate bonds if you have a spare $5-6B in the war chest?

Big acquisition coming up? ph34r.gif



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Said 'Thanks' for this post: wolverine  
 
wolverine
post Posted: Feb 19 2015, 09:07 AM
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In Reply To: apache123's post @ Feb 19 2015, 08:50 AM

The biggest risk is the performance of Pluto over the next couple of years it seems.



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apache123
post Posted: Feb 19 2015, 08:50 AM
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In Reply To: wolverine's post @ Feb 18 2015, 07:54 PM

Wolv

Yes, there has been a lot of uncertainty about the div and impact upon future earnings from lower oil prices.

Its good that the WPL board have stated both future div policy and production guidance clearly to the market.

There was a quote in the media yesterday that they have reduced the break even cost for oil production down to $25 a barrel (down from around $35 a barrel).

NOTE, the Saudi's break even is $25 a barrel !!

WPL also has a $10B war chest (though some of this is ear marked for the Apache asset purchase)



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wolverine
post Posted: Feb 18 2015, 07:54 PM
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In Reply To: apache123's post @ Feb 18 2015, 09:52 AM

I bt 3k in Ms Wolv's account last week and 1k in SF. harry hindsight disclosure oops.

I was a bit miffed to see the stock come down after buying but it seems the div has reignited some interest.

I was called at $39.50 a while ago on half my stock and then I heard some rumblings about Pluto so I lightened the rest but I kinda figured they will just cut capex and their cashflow will hold pretty well and lower AUD should keep the divs fat.



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apache123
post Posted: Feb 18 2015, 09:52 AM
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In Reply To: wolverine's post @ Jan 14 2015, 09:09 PM

Record FInal DIv $US1.44....

WPL still planning to retain 80% payout ratio for the time being.

Int Div likely to be impacted by lower oil prices (but will be offset by future revenue stream from Apache's asset acquisition and other new yet unannounced acquisitions) biggrin.gif



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wolverine
post Posted: Jan 14 2015, 09:09 PM
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In Reply To: apache123's post @ Jan 14 2015, 07:36 AM

I cut my exposure to WPL to about 1/6th.

I shuffled OSH to another account but am still holding whatever didn't get called at $8.50 on the first ride up.

I have nibbled on a few ORG and few STO but I am a little unsure if STO should be shuffled back out....ORG seems like it is a little more likely to ride out these prices.

Banks should keep on keeping on with every family in Australia spending at least $40 less per week on petrol. MOAR banks!!



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mrbear
post Posted: Jan 14 2015, 03:51 PM
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In Reply To: apache123's post @ Jan 14 2015, 07:36 AM

Always some good news woodside will recover and the share price will go up.
We will be using oil for a fair while and this gameplay by the Saudis will end and the price will go up.
I admit that I haven't bought any yet as I think there is still some pain with the oil price for a while to come and it always seems to tank more than you expect but I will buy when I think the price is in my favor,cheers mrbear

 
apache123
post Posted: Jan 14 2015, 07:36 AM
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In Reply To: wolverine's post @ Dec 17 2014, 09:04 PM

Wolv,

Do you want the good news or the bad news?




Well unfortunately there is no good news....




JP Morgan guessimate that the WPL dividend will be savagely cut to 64c this year due to the depressed oil prices.

http://www.dailytelegraph.com.au/business/...12b192b36891ec8




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wolverine
post Posted: Dec 17 2014, 09:04 PM
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In Reply To: balance's post @ Dec 17 2014, 08:40 PM

oops double up



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wolverine
post Posted: Dec 17 2014, 09:04 PM
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In Reply To: balance's post @ Dec 17 2014, 08:40 PM

..but do they have a goat, chickens and sheep onboard hmmmm??



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