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MARKETS

Woodside testing upside: analyst

DRILLING down into Woodside Petroleum’s near record performance for 2016 and its expectations of a production drop this year, RBC Capital markets has elected to maintain its $29 per share valuation due to a lack of “viable organic growth options”.

Haydn Black
Woodside testing upside: analyst

RBC's Sydney-based analyst Ben Wilson said the 2017 production and expenditure guidance were in line with his expectations, even though Woodside's December quarter production and sales were ahead of his...

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