0230 GMT - Woodside Energy's capital-expenditure burden keeps UBS neutral on the stock despite the investment bank's analysts expectation of a third-quarter tailwind from liquefied-natural-gas contract pricing. The energy producer reported a 6% second-quarter trading margin, but the analysts anticipate a third-quarter benefit from the lag in LNG contract pricing. They tell clients in a note that Woodside is continuing to derisk its major growth projects, but point out that cash flows are still weighed by a period of heavy investment. UBS keeps a neutral rating on the stock and a target price of A$29.60. Shares are up 0.4% at A$32.88.
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