Woodside Should Get North West Shelf Boost From 2Q -- Market Talk
Dow Jones2022-04-26
0519 GMT - Woodside should benefit from higher North West Shelf LNG output from 2Q, as well as new tolling fees from additional Pluto gas volumes, says RBC Capital Markets analyst Gordon Ramsay. He notes that Woodside provided no commentary on LNG spot sales volumes in its 1Q report and says he assumes "this has reduced significantly over 1Q." Woodside is down 5.2% in Sydney, at A$30.41/share, amid broad-based market weakness and after reporting a fall in 1Q production and sales revenue. (rhiannon.hoyle@wsj.com ; @RhiannonHoyle)
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April 26, 2022 01:19 ET (05:19 GMT)
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