MARKETS SPECTATOR: Woodside price point

Woodside's decision to pull out of James Price Point Browse, combined with Asia's insatiable appetite for energy, should buoy the energy giant's share price.

The lift in Woodside Petroleum Ltd’s share price by $1.20 to $36.40 on April 12 confirmed to many in the market that the decision to cancel its participation in the onshore liquefied natural gas project at James Price Point in Western Australia will herald a share buy-back of as much as $1 billion.

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