 |
Woodside Petroleum Limited (WPL) |
 Print |
|
You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:
|
|
Sign Up Today » it's FREE!
|
Already a member? Login now!
|
|
| Company Name: |
Woodside Petroleum Limited |
| Stock Code: |
WPL |
| Website: |
www.woodside.com.au |
| Market Cap ($M): |
32,454 |
| Equiv. Shares (M): |
780 |
|
|
 |
|
| Current Price |
Open |
High |
Low |
Last Close |
Volume |
Price Movement |
$ 41.600 |
$ 41.700 |
$ 41.800 |
$ 41.220 |
$ 41.720
|
4,072,276 |
$ -0.120 -0.288 %
|
|
| Recommendation : |
Hold
|
| Recommendation Date : |
30th Jul 2010 |
| 12 Month Target Price (average) : |
$49.599 |
| Brokers Surveyed : |
10 |
|
| % of Market: |
2.5585 |
| % of Sector: |
25.7573 |
| Sector: |
Energy |
| Industry Group: |
Energy |
| Industry: |
Oil, Gas & Consumable Fuels |
|
|
|
|
|
| Company Overview |
| Woodside Petroleum Limited (WPL) has operations encompassing the production of liquefied natural gas, domestic gas, condensate, crude oil and liquefied petroleum gas in Western Australia. WPL is 34% owned by Shell Australia. |
| Company History |
| WPL participated in the significant NW Shelf gas discoveries made in the 70s. Domestic gas sales commenced in 1984, followed by LNG exports in 1989. Oil discoveries were then developed in the 90s, and a gradual international diversification has taken place, with activities in Africa and the Gulf of Mexico. Shell made two unsolicited merger proposals (in May and December 2000), both unsuccessful in gaining effective control of WPL. |
| Differentiating Factor |
| WPL is unique among Australia's large listed oil and gas companies, due to its substantial and growing exposure to export gas markets via LNG. It has a reserve base that allows the company to grow rapidly, without the need for acquisitions. Additionally, the exceptionally low exploration finding costs per barrel imply inexpensive replacement of production, which is essential to grow the business. |
| Major Customers & Competitors |
| Domestic Gas - mining projects in Western Australia are substantial gas users, along with power generation, industrial and retail customers. LNG - major Japanese, Korean and Chinese customers. Competitors in the WA gas market are primarily the Apache-led JV at Varanus Island. The global LNG market is dominated by the oil majors such as Shell, BP, Petronas and ExxonMobil. |
|
Year to Dec
|
NPAT
Rep $M |
NPAT1
Adj $M |
EPS
c |
EPS chg
% |
PER
x |
PER rel
All Ords x |
PER rel
Sector x |
DPS
c |
Yield
% |
Franking
% |
ROE
% |
| 2007A |
1,030 |
1,160 |
171.4 |
-18.6 |
24.3 |
n/a |
n/a |
103.1 |
2.5 |
100.0 |
22.8 |
| 2008A |
1,786 |
2,107 |
305.0 |
77.9 |
13.6 |
n/a |
n/a |
133.9 |
3.2 |
100.0 |
31.4 |
| 2009A |
1,824 |
1,371 |
194.9 |
-36.1 |
21.3 |
2.0 |
1.4 |
110.0 |
2.6 |
100.0 |
13.9 |
|
1NPAT is normalised by removing non-recurring items and goodwill. All the above statistics are derived from normalised earnings.
|
| Woodside |
WPL |
$41.60 |
$32,454M |
24.2163 |
20.6000 |
-36.0900 |
3.8000 |
2.3300 |
2.9000 |
| Santos |
STO |
$13.30 |
$11,073M |
46.6093 |
22.3000 |
-67.0300 |
97.4000 |
2.9800 |
3.8000 |
| Oil Search |
OSH |
$5.84 |
$7,640M |
64.3908 |
36.3000 |
-68.4800 |
69.5000 |
0.7700 |
1.1000 |
| Arrow Energy |
AOE |
$4.68 |
$3,492M |
1238.2660 |
316.3857 |
-93.0903 |
291.3787 |
0.0000 |
0.2137 |
| AWE Limited |
AWE |
$1.56 |
$814M |
10.0234 |
16.4000 |
-58.3700 |
-62.9000 |
3.8900 |
0.0000 |
|
| WPL |
-8.3700 |
1.3000 |
-6.1000 |
| Sector |
-5.8895 |
0.6157 |
-3.0408 |
| Market |
-6.7540 |
-1.9465 |
7.4232 |
|
| P/E (x) |
FY07 |
24.3 |
n/a |
n/a |
|
FY08 |
13.6 |
n/a |
n/a |
| Yield (%) |
FY07 |
2.5 |
n/a |
n/a |
|
FY08 |
3.2 |
n/a |
n/a |
| EV/EBIT (x) |
FY07 |
(329361.5) |
n/a |
n/a |
|
FY08 |
(170492.6) |
n/a |
n/a |
| EV/EBITDA (x) |
FY07 |
(238975.6) |
n/a |
n/a |
|
FY08 |
(136084.9) |
n/a |
n/a |
|
| M A Chaney |
Chairman |
| D Voelte |
Managing director |
| E Fraunschiel |
Director |
| P Jungels |
Director |
| A Jamieson |
Director |
| D McEvoy |
Director |
| D Megat |
Non-Executive director |
| I Robertson |
Director |
| M Cilento |
Non-executive Director |
|
| D Voelte |
CEO |
| K Spence |
COO |
| M Chatterji |
CFO |
| A Jamieson |
GM NW Shelf |
| A Kantsler |
GM Exploration |
| J Schneider |
GM Commercial |
|
| 18-Aug-2010 |
Reporting Date for Half Yearly Result |
| 31-Mar-2010 |
Dividend Date Payable for Final Year Result
(55c 100% franked)
|
| 05-Mar-2010 |
Dividend Record Date for Final Year Result
(55c 100% franked)
|
| 01-Mar-2010 |
Dividend Ex-Dividend Date for Final Year Result
(55c 100% franked)
|
| 24-Feb-2010 |
Reporting Date for Final Year Result |
|
|
Data supplied by Aegis Equities Research Pty Limited (ACN 085 293 910).
|
|
Membership benefits...
- 100% entry fee rebates
- Cash back on your managed fund investments with our innovative TrailCap™ program
- Independent research on...
- over 1,000 managed funds
- over 300 ASX-listed Companies
- top performing suburbs/postcodes
- Access to IPOs/floats & other investment offers
- Superior investment tools...
- Portfolio manager
- Watchlists
- Alerts
- Regular investment e-newsletter
|
Advertisement
eNewsletter |
Keep up to date with new investments and important news - subscribe to our FREE weekly eNewsletters. Sign up now! |
Featured Promotions
Sydney Morning Herald 31/07/2010 | GRAINCORP and AWB have agreed on a multibillion-dollar merger so they can compete against larger rivals in the consolidating global agribusiness sector.
The Age 31/07/2010 | GRAINCORP and AWB have agreed to a multibillion-dollar merger in a bid to compete against larger rivals in an increasingly consolidating global agribusiness sector.
The Age 31/07/2010 | The irony is its strength in the Middle East will be a boon to GrainCorp.
Sydney Morning Herald 31/07/2010 | I t's official: money doesn't buy you happiness. But financial security certainly seems to play a role in whether you're a glass half full or glass half empty type of person.
The Age 31/07/2010 | This reporting season will provide something for everyone, from wary retail investors and professional fund managers to stockbroking analysts, writes Ian McIlwraith.
Sydney Morning Herald 31/07/2010 | Most of us want to make a buck and retire early. But for the golden oldies of business, there's no question of quitting, writes Michael Evans.
More...
|
|
