fair value for WPL

[soulman]

Started picking WPL up around the $37 mark, thinking that was cheap .

What a brutal couple of weeks.....

Looking ahead, I think you bought CBA as well before the technical drop to $29.00. I did the same with SGB, WES and LEI. Although, it's good to see a reasonable result from MQG.

WPL at $37 was the support and when it broke that support, it's gonna drop another $10 bucks. Just like CBA support at $38. and Cabcharge at $6.50. Will CAB drop to $5.00. Will soon see.

The next that might drop below the zone looks like ASX. And if it close below $28.90, should go another $8. All in the guessing game. It hasn't improve me technically yet but I am starting to learn little bit and pieces.

[The Big Ease]

there is talk of wpl abandoning/stalling their 13.5b project in order to shape up to the govt over some issues like condensate taxes.

[mark100]

there is talk of wpl abandoning/stalling their 13.5b project in order to shape up to the govt over some issues like condensate taxes.

Which is why OSH and STO have outperformed WPL by such a large margin lately. The PNG LNG project is not governed by Australian law and don't have to worry about Dudd's condensate tax and potential ETS. I won't feel sorry for any Labor party voters who lose their job as a result of any delays WPL faces

[Huang Chung]

Capital expenditure should decrease from 2010. The next 2 years look like a great time to build a health position. Pluto is going to be huge!

[Corporate]

Alright...is anyone still following/holding WPL. Even now on the back of Pluto WPL seems cheap...it's such a big company though so it is taking me an ages to thoroughly research it!

[mark100]

It's always on my list Corporate. I trade it a bit but can't see anything catalyst to drive it higher in the short-term. Great long-term investment though

[Corporate]

Hi Mark

Mark, thanks for your comment. Do you think that commissioning of Pluto in early 2011 will not have a big impact on WPL?

I've just read the half year presentation (all 55 pages) and WPL are talking a 40% increase in revenue.

I really like the long term nature of these projects, compared to all of the small oilers with <10 year diminishing production profiles.

[Corporate]

I'm still pondering WPL on and off. Currently sitting on a PE of 18.5ish and pluto is expected to increase operating cashflow by 50%.

[macduffy]

Apropos of nothing in particular, here's an amusing (revealing?) little item from the AFR:

"MARTIN Luther King had a dream. Winston Churchill had blood, sweat and tears. Ronald Reagan declared it was morning again in America. Marie Curie pioneered the study of radioactivity. Vincent van Gogh cut off his ear.

What do all these immortals have in common? They have been privileged enough to share space with two other great leaders, Woodside executives Peter Coleman and Vince Santostefano, on giant banners dominating the foyer of the gas producer's Perth headquarters.

Each enormous placard features an inspirational quote, designed no doubt to provoke Woodside's employees to ever higher peaks of achievement. For example, Curie's poster quotes her as saying: ''The way of progress is neither swift nor easy.'' That's something those working on Woodside's gargantuan Browse project or its pantagruelian Sunrise field would already know.

There are murmurs abroad that Browse, Australia's second-biggest LNG project (after ginormous Gorgon) might not go ahead, while Sunrise has long been mired in disputes with East Timor.

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The North Korean-style display apparently formed part of the ''Woodside Compass'', a little blue book of maxims to live by that includes aphorisms as catchy as: ''We make and execute decisions in line with our business priorities and our values.''

On Saturday, alas, the banners came down, leaving Woodside worker ants to struggle on as best as they can."

I don't hold WPL.

[RRR]

Got in a few months ago. Still not expensive and dividends will increase.