A Lesson in Long Term Investment: Woodside Keeps on Giving, page-32

I think WPL’s selection of Allen & Overy as their corporate law firm for its significant loan facility was a poor choice.

Allen & Overy is the backer of NSW Greens Candidate on the Upper House ticket Abigail Boyd.abigail Boyd is a corporate lawyer specialising in debt facilities for the Abu Dhabi Royal family according to the Age, AFR and other Fairfax outlets.

WPL being in bed with the Greens might make sense IF the Greens have the balance of power in the Senate after May with the ALP likely to be in Government but the ALP detest the Greens.

WPL being supportive of the Greens is high risk in the current geopolitical environment.WPL should have been more balanced in their corporate lawyer selection process, their procurement process and their governance, risk and compliance.

change my sentiment from buy to hold with the intention to sell at the right price given POO might do very well later today.