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$24.51 woodside energy group ltd

I wonder how it all works with the WDS / Cpec jv and their Arrow...

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JACK

10,075 Posts.

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26/08/15

21:07

Post #: 15881764
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Originally posted by andy76 ↑

they had to re-negotiate the terms with GE as they were in breach of their financial ratios, unsure how that plays out, but my limited experience would be no negotiation, no more WDS.... Given demob from Santos, no new works signed, hence limited revenue, if I were lending, I'd tend to say no more WDS. Mastermind, might be taking a punt on the mining business of WDS, at a rock bottom price. I had said before WDS should demerger the mining / gas operations.

The flip side is, if all projects are projecting a loss, wouldn't it be better to close the door and wind up?

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I wonder how it all works with the WDS / Cpec jv and their Arrow Engery contract over the next couple of years.
I believe Cpec is an offshoot of Petro China which owns half of Arrow which you would think would be a good money spinner for WDS.
I hope they can sort something out because they owe me money.

WDS Price at posting: 10.5¢ Sentiment: None Disclosure: Not Held
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