Why Woodside's big bet could pay off

Woodside's acquisition of Apache's oil and gas assets will bridge the gap in its growth profile, but will disappoint those investors hoping for more capital management initiatives.

There’s an interesting line in the Woodside Petroleum presentation of its $US2.75 billion acquisition of a portfolio of oil and gas assets from Apache Corporation of the US today. The acquisition price, it says, is at a discount to sunk costs.

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