Is Woodside a good investment?

Is Woodside a good buy now?

From a list of analysts provided by Bloomberg Intelligence, 73% have Woodside as a buy right now, whereas the remainder have it as a hold or sell.

What will happen to Woodside shares?

The Woodside share price had its sharpest fall in August, dropping 11.67% between August 13 and 19. However, a major announcement on a merger with BHP Group Ltd (ASX: BHP) was also weighing on investors’ minds. If approved by shareholders, Woodside will issue shares to BHP shareholders and create a new joint company.

Why are Woodside shares falling?

The Woodside share price is falling today despite the announcement of record revenues in FY 2021. … This was driven by a 22% increase in sales volume to 31.8mmboe and a 53% lift in its average realised price to US$90 per barrel of oil equivalent. For the full year, revenue is expected to be US$6,973 million.

Will Woodside shares increase?

Based on the latest analysts’ estimates, we found that the company’s future payout ratio over the next three years is expected to hold steady at 91%. Regardless, the future ROE for Woodside Petroleum is predicted to rise to 12% despite there being not much change expected in its payout ratio.

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Is Woodside Petroleum Australian?

Woodside is an Australian oil and gas company with a global presence, recognised for our world-class capabilities. A global presence, recognised for our world-class capabilities. Discover Woodside’s global interests.

What does Woodside Petroleum do?

Woodside Petroleum Ltd is an Australian petroleum exploration and production company. Woodside is the operator of oil and gas production in Australia and also Australia’s largest independent dedicated oil and gas company.

Is Woodside buying BHP?

Woodside will acquire the entire share capital of BHP Petroleum International Pty Ltd (BHP Petroleum) in exchange for new Woodside shares. The signing of the SSA follows the merger commitment deed announced on 17 August 2021.

How many Woodside shares will BHP get?

On completion of the merger, Woodside will issue new shares expected to comprise approximately 48 per cent of all Woodside shares (on a post-issue basis) as consideration for the acquisition of BHP Petroleum. Completion is targeted for the second quarter of 2022.

How many Woodside shares will BHP share holders get?

In exchange for control of BHP’s petroleum business, Woodside will issue new shares equal to 48% of its post-merger capital. In simple terms, existing Woodside shareholders will own 52% of the petroleum giant. Meanwhile, BHP shareholders will own the remaining 48% of shares via an in-specie fully franked dividend.

Is BHP a buy now?

These top brokers say the BHP (ASX:BHP) share price is a bargain buy. Out of the 14 analysts covering BHP, 9 have a buy rating on the share.

What does BHP Woodside merger mean?

BHP and Woodside have signed a binding agreement to merge BHP’s oil and gas portfolio with Woodside to create a global top 10 independent energy company by production and the largest energy company listed on the ASX.

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Why has BHP dropped so much?

Inflation worries as well as softer iron ore prices dragged Australian mining majors’ stock prices lower on Monday. BHP lost 0.5% day-on-day to close at A$36.41, extending the share price’s losses to a fourth consecutive session.

Is Santos a good share to buy?

One leading broker that believes the Santos share price is in the buy zone following its merger with Oil Search is Morgans. … Based on the current Santos share price of $6.29, this implies potential upside of almost 38% for investors over the next 12 months.

Why is WPL dropping?

Most of the decline is due to falling output at its ageing, mainstay North West Shelf LNG project. Woodside, the operator, will be doubling its stake to one-third of North West Shelf with the BHP merger.