Woodside Petroleum (WPL) Shares

UBS has maintained their Buy 1 stock recommendation for Woodside Petroleum (WPL) shares with a share price target of $45.18. The stock analyst has a stronger valuation of $32.24 (from $31.86). UBS notes that this resources company has significant gas resources and exploration upside potential. "Xena could be the first of several satellite gas fields in the Pluto region. WPL is currently interpreting 3-D seismic carried out in the same permit to the north of Pluto, as well as in WA-269-P (WPL 50% & operator) further north. 3-D seismic is now proposed over WA-370-P (WPL 50% & operator). Hopefully, this will lead to further satellite discoveries prior to a FID on Pluto (mid 07e)." "WPL's interests in the Carnarvon Basin continue to have a very high exploration success rate (Xena and recently, Pemberton). WPL is keen to develop the Pluto area as a production hub, where apart from its own discoveries, other nearby gas fields could easily be tied back to Pluto."

Woodside Petroleum Limited is listed on the Australian Stock Exchange (ASX) under stock code WPL. You can view their investor website here. WPL was listed on the ASX on 18 November, 1971. Woodside Petroluem is involved in the Management and operation of hydrocarbon exploration, development, production, transportation and marketing; implementation and operation of the North West Shelf Gas Project; exploration and development of gas, oil and condensate reserves. Find out the meaning of the recommendations in this primer. Browse for other stockbroker recommendations. Other Woodside Petroleum (WPL) news and recommendations. Check your charts and good luck with your share trading!