“Woodside Petroleum has more than one problem. It is sitting on three of the world’s major LNG projects in Pluto, Browse and Sunrise as major stakeholder, but Woodside is struggling to fund their development. Costs continue to rise and ongoing development delays have been causing grief. As such the market is not confident a third train can be achieved at Pluto, and sees Browse and Sunrise as pie in the sky at this point. No value is being afforded for these projects in the current share price.”
“The market does not see Browse as pie in the sky without good reason”
“Woodside’s funding capacity is stretched too far…”
“…the market is currently affording no value to Browse and Sunrise…”
FNArena
Photo Damian Kelly
ACTION OF THE DAY
A MAJOR national bank has been forced to remove more than 100 misleading out of order signs from its ATMs after being targeted by anti-coal activists.
A MAJOR national bank has been forced to remove more than 100 misleading out of order signs from its ATMs after being targeted by anti-coal activists.
A score of ANZ Banking Group machines sprawled across six capital cities were plastered with "out of order" signs on Sunday after campaigners launched their latest bid to draw attention to the bank's funding of the coal industry.
Posts
I don't get it.This must be another canal."It's $2 billion,no it's $20 billion."
ReplyDeleteThe joint venture partners are talking $50 billion upwards.
Woodside are saying "$25 to $30 billion."
One train at Pluto $14 billion plus and late and counting.
Surely 4 or 5 trains at JPP must be,given all the price blowouts,$60 to $80 billion?
Pie in the sky it is.
So who puts all the country back when this falls over,as it surely will?