WPL 1.15% $24.07 woodside petroleum ltd

Woodside Petroleum - Australia's China Gas Bid

  1. 1,655 Posts.
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    Is it going to be a case of "winner takes all" or could it end up being a split between the three bidders? It seems to me that the potential size of Chinas gas requirements would still make it a good deal even if Australia only got 1/3 of the total. I would have thought that China was in a good position to take on all three countries as suppliers and that it would be in their long term best interest to do so. Have I missed something?

    What will happen to WPL shareprice if Australia wins 100% of the supply contract, wins 1/3 of the contract or gets nothing? How important is this to WPL and how much of this has already been factored into the current shareprice (I assume the shareprice would be factoring in a win if anything so might be on the high side).
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