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#Quarterly Reports
Added a month ago

16-Apr-2020:  Woodside (WPL) First Quarter 2020 Report (for the 3-month period ending March 31, 2020)

Woodside have a financial year that runs from January to December (their FY is the same as the CY), so the March Qtr report is Q1 FY2020 for them.

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#Market Update
Added 2 months ago
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#Bear Case
Added 4 months ago

fossil fuel is in decline

EV replace ICE cars and trucks

batteries mostly charged by solar

solar and wind cheaper than gas turbine electricity


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#Bull Case
Last edited 4 months ago
  • Best quality energy play on ASX
  • Have recently raised capital to buy Scarborough
  • Have indicated they don't intend to tap shareholders for any more money for the next few years
  • Multiple growth options - offshore gas, various fields, various risk/reward equations
  • Good Management
  • Good Balance Sheet
  • Good exposure to energy.


Disclosure:  I hold WPL shares.

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#Broker / Analyst Views
Last edited 3 months ago

9th September 2019:  Andrew Tang from Morgans has just added Woodside to his High Conviction Stock Picks List:

Other companies on the list include Cleanaway Waste Management (CWY), Westpac Bank (WBC), Oil Search (OSH), OZ Minerals (OZL), ResMed (RMD) and Sonic Healthcare (SHL).  They have removed Australian Finance Group (AFG) on valuation grounds.

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Last edited 3 months ago

FY18 Full Year Results - including briefing notes - 33 pages - see here.


2018 Annual Report - see here - (156 pages) Woodside's financial year ends December 31st.

Market Reaction - positive so far - WPL SP up around +2.7% to 11:30am EST.

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#Quarterly Reports
Last edited 4 months ago

18-Jul-2019:  Woodside Second Quarter (June Qtr) 2019 Report

WPL have a financial year that ends on December 31st instead of the usual June 30th end, so the June quarter is their 2nd quarter rather than their 4th.

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#Investor Briefings
Added 6 months ago
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#Investor Briefings
Last edited 6 months ago
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#Quarterly Reports
Last edited 7 months ago

18-Apr-19:  First Quarter 2019 Report

Performance highlights

  • Delivered sales revenue of $1,221 million and production of 21.7 MMboe.
  • Commenced domestic gas production from Wheatstone LNG.
  • Secured additional debt funding through the issue of a ten-year $1,500 million bond on the US Rule 144A/Regulation S market. 

Delivering a clear plan across three horizons

  • Awarded the FEED contract for the SNE Field Development Phase 1 FPSO facility.
  • Subsequent to the period, Woodside signed a heads of agreement with ENN Group for the sale of 1.0 Mtpa of LNG for a period of ten years, commencing in 2025.
  • Completed construction of the Pluto truck loading facility
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