OEL 0.00% 5.6¢ otto energy limited

Woodside article - OEL same perhaps

  1. wdp
    1,027 Posts.
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    This was an article on Woodside but I would suggest that with our coffers filled with cash and no debt Otto could also be same scenario. ..??

    As energy companies around the world seek to limit expenditure and conserve cash, more assets are now available more cheaply than at any other time since the GFC.
    Woodside is now essentially debt free and still generating strong cash flows from LNG contracts and conventional oil projects. There is a wonderful opportunity for the company to divert cash currently being paid as dividends into acquisitions and finally grow production. The list of potential targets is growing by the week and valuations in the sector have fallen a long way.
    Management is smart and is now doubt looking at opportunities. Rumours persist the Woodside will bid for Apache’s stake in the Wheatstone LNG project, due for completion in 2016. A smart acquisition now could transform its production profile for years to come. Uniquely among producers, Woodside is well placed to benefit from the sectors woes.
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