OPINION

Woodside needs asset sales soon to avoid another share issue

A STRONG December quarter helped Woodside Petroleum end 2019 on a high but as Slugcatcher was digesting the generally positive investor reaction he stumbled across a potential glitch: there might have to be a big share issue to help fund growth projects.

Slugcatcher
The oil price is going to matter as projects move forward 

The oil price is going to matter as projects move forward 

Selling assets, such as a stake in the Scarborough LNG project would avoid the need to raise an extra A$2.5 billion in fresh capital, but that needs to happen soon, according to Citi, a big investment...

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