Woodside's LNG Deal Edges Ammonia Play, Bull Says -- Market Talk

Dow Jones10-17

2358 GMT - Morgans is more positive about Woodside's acquisition of LNG project developer Tellurian than its bigger deal for an ammonia plant in Texas. Analyst Adrian Prendergast says the market's doubts about Tellurian's Driftwood LNG project, now renamed Woodside Louisiana LNG, mainly reflect oil-price concerns. That's perplexing, he argues, because Woodside is a top-tier company striking a counter-cyclical deal, rather than one at the top of the energy cycle. "The concerns appear mostly balance sheet related," Morgans says. Yet Woodside has navigated two years of peak capex with an easily manageable amount of debt, the bank says. Also, Woodside has stressed it won't make a final investment decision without line-of-sight on an incoming strategic partner, and it again beat consensus estimates for earnings and cash flow, Morgans says. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

October 16, 2024 19:59 ET (23:59 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2476900109?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-17 07:59","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2476900109","market":"nz","top_or_hot":-1,"title":"Woodside's LNG Deal Edges Ammonia Play, Bull Says -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2358 GMT - Morgans is more positive about Woodside's acquisition of LNG project developer Tellurian than its bigger deal for an ammonia plant in Texas. Analyst Adrian Prendergast says the market's doubts about Tellurian's Driftwood LNG project, now renamed Woodside Louisiana LNG, mainly reflect oil-price concerns. That's perplexing, he argues, because Woodside is a top-tier company striking a counter-cyclical deal, rather than one at the top of the energy cycle. \"The concerns appear mostly balance sheet related,\" Morgans says. Yet Woodside has navigated two years of peak capex with an easily manageable amount of debt, the bank says. Also, Woodside has stressed it won't make a final investment decision without line-of-sight on an incoming strategic partner, and it again beat consensus estimates for earnings and cash flow, Morgans says. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 16, 2024 19:59 ET (23:59 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Woodside's LNG Deal Edges Ammonia Play, Bull Says -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWoodside's LNG Deal Edges Ammonia Play, Bull Says -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-17 07:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>2358 GMT - Morgans is more positive about Woodside's acquisition of LNG project developer Tellurian than its bigger deal for an ammonia plant in Texas. Analyst Adrian Prendergast says the market's ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7142","symbol_name":"石油与天然气的勘探与生产","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2476900109","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2476900109","pubTimestamp":1729123140,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2358 GMT - Morgans is more positive about Woodside's acquisition of LNG project developer Tellurian than its bigger deal for an ammonia plant in Texas. Analyst Adrian Prendergast says the market's doubts about Tellurian's Driftwood LNG project, now renamed Woodside Louisiana LNG, mainly reflect oil-price concerns. That's perplexing, he argues, because Woodside is a top-tier company striking a counter-cyclical deal, rather than one at the top of the energy cycle. \"The concerns appear mostly balance sheet related,\" Morgans says. Yet Woodside has navigated two years of peak capex with an easily manageable amount of debt, the bank says. Also, Woodside has stressed it won't make a final investment decision without line-of-sight on an incoming strategic partner, and it again beat consensus estimates for earnings and cash flow, Morgans says. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7142":"石油与天然气的勘探与生产","BK4213":"石油与天然气的勘探与生产","IE00B29SXK94.USD":"FIRST SENTIER GLOBAL LISTED INFRASTRUCTURE \"I\" (USD) ACC","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","LNG":"Cheniere Energy Inc","LU0788109394.HKD":"BGF WORLD ENERGY \"A2\" (HKDHGD) ACC","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","IE00B29SXL02.USD":"FIRST SENTIER GLOBAL LISTED INFRASTRUCTURE \"I\" (USD) INC","LU0122376428.USD":"贝莱德世界能源基金A2","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","LU0368265418.SGD":"Blackrock World Energy Fund A2 SGD-H","LU0251142724.SGD":"Fidelity America A-SGD","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","BK4144":"石油与天然气的储存和运输","LU2449327464.USD":"HSBC GIF GLOBAL INFRASTRUCTURE EQUITY \"AC\" (USD) ACC","WDS":"Woodside Energy Group Ltd","WDS.AU":"WOODSIDE ENERGY GROUP LTD"},"translate_title":"公牛表示，伍德赛德的液化天然气交易优势在于氨业务——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LNG":1,"WDS.AU":0.9,"WDS":0.9},"content_text":"2358 GMT - Morgans is more positive about Woodside's acquisition of LNG project developer Tellurian than its bigger deal for an ammonia plant in Texas. Analyst Adrian Prendergast says the market's doubts about Tellurian's Driftwood LNG project, now renamed Woodside Louisiana LNG, mainly reflect oil-price concerns. That's perplexing, he argues, because Woodside is a top-tier company striking a counter-cyclical deal, rather than one at the top of the energy cycle. \"The concerns appear mostly balance sheet related,\" Morgans says. Yet Woodside has navigated two years of peak capex with an easily manageable amount of debt, the bank says. Also, Woodside has stressed it won't make a final investment decision without line-of-sight on an incoming strategic partner, and it again beat consensus estimates for earnings and cash flow, Morgans says. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 16, 2024 19:59 ET (23:59 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2476900109"}