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LNG caution sets in.
Australasian Business Intelligence, August, 2002
Aug 11, 2002 (Herald Sun
ABIX via COMTEX) -- After early euphoria, Australian analysts are looking hard at Woodside Petroleum's $A25bn gas sale to China. Auzeq Securities analyst, Andrew Williams, says there are many unknowns, making it difficult to gauge the true worth of the 25-year liquefied natural gas (LNG) supply contract. One factor is clearly how low the Australian operator of the North-West Shelf gas field has had to pitch its price to beat off the competition. While ABN Amro welcomed the dead as "great news", the company maintains its "underperform" advice on Woodside.
Publication Date: 10 August 2002
WOODSIDE PETROLEUM LIMITED - ASX WPL: AUZEQ SECURITIES LIMITED: ABN AMRO AUSTRALIA LIMITED: ABN AMRO BANK NV
By Sean Smith...
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