Woodside Q3 Revenue Drops 42% As Virus Hammers Energy Markets
Revenue shock continues for Woodside as lower oil and LNG prices carve hundreds of millions from its top line.
Read MoreTag: WPL
WPL – Credit Suisse rates the stock as Outperform
Credit Suisse observes Woodside Petroleum has been sold off because of a perceived lack of short-term catalysts. The broker also considers a potential equity raising to fund growth and the imminent decline in the North West Shelf are weighing on sentiment.
Read MoreWPL – UBS rates the stock as Buy
UBS believes processing Scarborough gas at the North West Shelf (NWS) is the most value accretive of the various approaches assessed. The broker believes if Woodside Petroleum acquires an additional 33% equity in the NWS, this may allow the company to pivot towards the higher value Scarborough concept.
Read MoreWPL – Morgans rates the stock as Upgrade to Add from Hold
Morgans views Woodside Petroleum’s share price as trading at a discount to the value of its existing operations.
Read MoreWhen Is It Time To Buy Woodside?
We recently reviewed Woodside Petroleum (ASX:WPL) after the Company reported its results for the six months to 30 June 2020 (1H20). With the share price continuing to fall despite some strong fundamental drivers, at what point does WPL become an attractive opportunity?
Read MoreWoodside Laments Oil Collapse With Huge Half-Year Loss
As expected Woodside Petroleum reported a massive half-year loss, thanks to the billions of dollars of impairments announced earlier this year and the impact of the collapse in oil and LNG prices.
Read MoreHigher Production Not Enough To Offset Lower Prices At Woodside
A day after revealing over $US6 billion in asset write-downs, Woodside Petroleum has revealed record production for the June quarter and half year, but not it seems for revenues.
Read More“Tough Decisions”: Widespread Writedowns At Woodside
Woodside Petroleum has taken the axe to its asset base, hacking billions of dollars off in impairment charges as it cuts the outlook for its key gas and oil businesses.
Read MoreWPL – Morgans rates the stock as Hold
The broker retains a Hold rating on Woodside Petroleum, but is cautious as there are many questions that remain unanswered. Does Woodside buy Chevron’s North West Shelf stake, now on offer?
Read MoreWPL – UBS rates the stock as Buy
The oil price has lifted from its April low, benefiting from a lift in sentiment as a result of reduced supply and the lifting of mobility restrictions.
Read More“Unprecedented Combination”: Woodside Counts Cost Of Oil War
Woodside is looking at a massive fall in first-half revenue and earnings in the wake of the still-evolving oil price crash.
Read MoreCuts To Oil Production Unlikely To Be Enough
The US has brokered an historic oil production agreement between OPEC, Russia and the G20, although brokers are sceptical about whether this will have enough impact on supply/demand dynamics.
Read MoreWPL – Credit Suisse rates the stock as Outperform
Woodside has reduced expenditure by -US$2.4bn. Credit Suisse notes the balance sheet is robust and there is little risk to debt covenants under current conditions.
Read MoreSouth32, Woodside, ALS All Batten Down The Hatches
Woodside Petroleum is bracing for “unprecedented circumstances”, global testing giant ALS is marshaling its financial forces to survive the impact of COVID-19 while South32 plans slash capital expenditure and has suspended its on-market buyback.
Read MoreWho (Eventually) Benefits From The New Oil Shock
In more normal times – and nothing is normal at the moment – low oil prices benefit the global economy and stocks such as manufacturers and transport companies. Tim Boreham outlines those Australian companies which stand to benefit from significantly lower energy prices.
Read MoreWPL – Macquarie rates the stock as Outperform
The substantial fall in spot oil has meant prices are close to break-even levels for Woodside Petroleum and Macquarie observes resolving the supply uncertainty is now the clear catalyst.
Read MoreWPL – Macquarie rates the stock as Upgrade to Outperform from Neutral
Scarborough is progressing and set for a final investment decision in 2020. A tolling fee has been agreed and interest in the fields are now aligned for both Woodside Petroleum and BHP Group ((BHP)).
Read MoreWoodside Dividend Slashed On Canadian LNG Writedown
Woodside has slashed its final dividend after that $A1 billion-plus write down in the value of its 50% stake in a Western Canadian LNG project (revealed on Wednesday) took a big bite out of 2019 earnings.
Read MoreWoodside Flags Canadian Gas Charge Ahead Of Full Year Release
Oil and gas giant Woodside yesterday engaged in a bit of profit and loss spin by warning of a $1 billion write-down in the value of its western Canadian gas assets in its 2019 financial results to be released today.
Read MoreWoodside Offers Potential, And Potential Delays
Scarborough appears to be progressing but there was no update in the December quarter report regarding a gas agreement for Browse. Hence, delays feature in broker assessments of the outlook for Woodside Petroleum.
Read MoreWoodside Eyes 2020 Production Lift After Solid Q4
Woodside Petroleum reckons it is looking to boost 2020 production of oil and gas by 10% or more after reporting a near 7% rise in the Q4 production.
Read MoreWPL – Macquarie rates the stock as Neutral
The Sangomar project phase 1 has received final approval from the Senegalese government and will move to execution and development. This is a major step forward for the company’s growth strategy.
Read MoreCan The Resource & Energy Sectors Supplement Income Needs ?
With a backdrop of low interest rates where should investors seek yield? Informed Investor sat down with Scott Kelly, Portfolio Manager for the DNR Capital Australian Equities Income SMA to find out.
Read MoreWoodside Unveils Ambitious Plan To Triple Reserves
Ambitious plans revealed yesterday by Woodside Petroleum for the next seven years at an investor day presentation.
Read MoreWoodside Shops Around Gas Assets In Australia, Canada
Rather than announce it in Australia where most of his company’s shareholders live Woodside CEO Peter Coleman has revealed plans to cut its stake in two key assets to raise funds for other developments in an interview with a global news agency.
Read MoreWoodside Cuts Dividend As Lower Energy Prices Bite
Shares in Woodside Petroleum have slumped more than 6% on a slide in world oil prices and a slashing of its interim dividend in the wake of a weak June half-year profit.
Read MoreWPL – Credit Suisse rates the stock as Outperform
Credit Suisse observes the shutdown at Pluto has affected revenue and production costs in the second quarter. Yet, the negatives in the June quarter are largely considered one-off and, the broker suspects, over emphasised by the market.
Read MorePluto Problems Dog Woodside
Woodside appears headed for a weaker interim result thanks to the gradual slide in oil prices in the June quarter and a surprise series of maintenance delays at its Pluto field off the WA Northwest coast.
Read MoreWPL – Citi rates the stock as Sell
A site visit to Woodside Petroleum’s Karratha failed to inspire the broker. While the company has moved towards a more conservative contracting strategy on its Scarborough project, bringing greater certainty for shareholders, it comes at an increased cost.
Read MoreWoodside Downgrades Production On Pluto Problems
Woodside has cut its 2019 production guidance by 3% after reporting problems at its Pluto LNG processing facility in WA.
Read MoreWPL – Deutsche Bank rates the stock as Hold
Deutsche Bank estimates 13.5mtpa of LNG contracts have been signed this year, up 67%.
Read MoreWPL – Citi rates the stock as Sell
March quarter production was -3% below Citi’s expectations because of unplanned outages in Western Australia. The company has indicated that Scarborough marketing is being slowed as prevailing prices have been too low.
Read MoreWPL – Credit Suisse rates the stock as Outperform
Woodside has secured a foundation customer for Scarborough. The deal is conditional on a final investment decision. Credit Suisse assumes Woodside has achieved the higher end of the 11.5-12% range for the LNG contract.
Read MoreWoodside Tight Lipped On Canadian LNG Expansion
Not a word yesterday from Woodside Petroleum about a report that it and partner Chevron Canada want to nearly double the size of its Kitimat LNG plant in Western Canada.
Read MoreEnergy Stocks Hit By Norway Exit
Shares in major ASX listed oil and gas groups were sold off yesterday after Norway’s huge sovereign wealth fund decided to sell billions of dollars of shares in energy groups.
Read MoreWoodside Ups Payout On Higher Energy Prices
As expected Woodside Energy’s annual profit has jumped by more than a quarter as it benefited from higher oil and LNG prices (in particular) and higher production.
Read MoreWPL – Macquarie rates the stock as Neutral
December quarter results were largely in line. Macquarie was surprised by the flat expectations for production in 2019 of 88-94 mmboe.
Read MoreWoodside Left Stranded After Shell Sells Sunrise Gas Stake
East Timor and Shell have handed Woodside a major headache in the deal by Shell to sell its stake in the huge Sunrise gas field.
Read MoreWoodside, Santos Ride Higher Oil Prices
Solid Q3 production reports from energy majors Woodside and Santos show them catching the recent oil price surge with higher production and sales.
Read More