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Hi damofarl, we will know tomorrow! I do tend to be an optimistic fellow in general, I could be wrong as we all can be. ATB
Geochem; I hope you are right on the divvy range, albeit I feel it'll be around 75p, which I'm happy with, as I'm here for the long term. The investor presentation, an an analysts question on the free cash flow, seemed to flummox them, in particular to the Cos stated free cashflow to dividends policy, which suggested (due to project costs), such would reduce the dividend considerably.
The recent farm outs, and their proportional repaying of proceeding project costs may get us nearer to your projection. Either way we are cash generative whilst growing tomorrow's profits (dividends).
With the Japanese energy giants, future sales secured !!
Incredibly cheap at £15 levels, imo
Thanks Geochem, it didn't occur to me to reread the Q4 Report, I just knew the Final Results mute be due about now and looked at the diary and found no dates for anything! I agree that .90-£1 seems a likely figure for the dividend.
You need to read the Q4 report. Final Results 27-02-24. Divi announced there/then. I'm expecting 90p-£1 range, although OP lower production has grown, again, you need to have read the Q3/Q4 reports. The only issue is the right down on Shenzi but they stated in Q4 report that the event there [write-down] will not impact final divi. It looks to me that they were a little skimpy on the interim given the drop in the OP, so could well be some upside on the divi but as said, 27-02-24 before it comes out in the wash. I'm hoping for an SP rise to >£18.50 but too many externals in play at the mo. OP, Putin, MidEast, Ukraine, POLITICS us/uk..... and the list goes on.
Woodside Investor Relations site is really pretty poor. Most companies at least show when they are going to issue results, Woodside is just a list of N/A. Is this just laidback Aussie management or do they really not know until they wake up one morning and say "G'day mate, here are the results"??
What do you anticipate will be the final dividend? last years 1.21 gbp or $1.44 would equate to ~7% yield at todays price.
Impressed by the uplift in reserves, and the Divi wont be impacted by the impairment, good news
Talks terminated, Were going it alone, Santos are a decent Company, but we are powering ahead,!!!!
growth will come as we develop into a major
I wonder, would a merger this big run into a monopoly challenge? Do they have this in Oz?
Woodside and Santos exploring merger was confirmed in RNS December 2023.
Now 1685p
On 1 June 2022, Woodside merged with BHP Petroleum to create a global independent energy company with the scale.
I did post here on 7th June 2022.
7/6/22 they were 1980p
10/11/22 they were 2236p the high.
05/12/23 they were 1531 the low.
Having a positive effect on the oil companies today,
To see Woodside slowly getting back to a reasonable valuation, waiting on Merger news must be helping,
could take this beyond £20
Hoping we have some great updates in the new year, looking forward to a possible Merger!!!
Next target , wds looking very strong for 2024,
Merger Talks ongoing!!!!, Oil production coming on stream early 2024, super dividends going forward
I read that article and I agree. It is a logical argument.
According to the Sunday Times today, the number of ships getting through the Panama Canal has been restricted recently due to a drought. This has resulted in lots of LNG laden ships heading for Europe instead of the Far East / China. This supply glut in Europe and shortage in China has led to a price difference. One MMBtu of LNG in Europe costs $11.26 compared with $15.46 in Asia. I’m assuming WDS sells lots of LNG in Asia, in which case this should increase their sales revenues.
Looking good for a breakthrogh
I think a Merger of the scale we could be talking about, would bring many Cost savings
the single deciding factor would be which Company would be the Dominant One?? we know the cash retun to investors would still be around 50% so Dividends would still be strong
Maybe not. This looks like its being shorted down to gawd knows where. I nearly bought more earlier, but not feeling it just yet. Pretty disappointing from 20GBP.
Had a look at the Santos website and learned a new word for today - to "eventuate". An example of the Australians mangling the mother tongue again.
Anyway, going to pop a few on the barbie and see if they sizzle.
Nd
Says it would create a $80 Billion Company, WOW!!! thats huge and both pay very high dividends, if succesfull they could start to gobble up a few minnows?
Who is Santos???, now need to go and research, i thought we was big enough as is????