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Added 3 months ago
#Broker / Analyst Views

9th September 2019:  Andrew Tang from Morgans has just added Woodside to his High Conviction Stock Picks List:  https://www.livewiremarkets.com/wires/seven-high-conviction-stocks-to-buy-in-september-2019

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.

 
Added 3 weeks ago
#Investor Briefings
 
Last edited 4 weeks ago
#Investor Briefings
 
Last edited 2 months ago
#Quarterly Reports

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
 
Last edited 6 months ago
#Bull Case
  • 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.

 
Last edited 5 months ago
#Quarterly Reports

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.

 
Last edited 4 months ago
#Results

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

WOODSIDE FULL-YEAR PROFIT UP 28% TO $1,364 MILLION

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.