Woodside Petroleum (WPL) Share Trading Tip

Submitted by Craig Strzelecki on Wed, 22/11/2006 - 00:28.

Woodside Petroleum (WPL) company shares have a Buy 1 broker call and a share price target of $44.64 from stock analyst and investment bank UBS. UBS values Woodside Petroleum at a NAV $30.67 based on 10 percent DCF (Nominal discount rate) of the brokers' cash flow forecasts over the 2P reserve life of existing producing assets and all known committed and highly probable projects. Their share price target is based on their NAV, significant contingent resources and potential upside from exploration. UBS believes that WPL is one of Australia's best long term resource sector investments, "largely due to its high quality asset base which we believe has potential to support an exceptional production growth profile from a diversified portfolio of mainly Woodside operated oil, gas and LNG project developments."

Woodside Petroleum Limited is listed on the Australian Stock Exchange (ASX) under stock code WPL. You can view their investor website here. Don Voelte is the Woodside Petroleum CEO and Managing Director. Past news and stock recommendations for Woodside (WPL). 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!

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