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.

The oil price is going to matter as projects move forward

20 January 2020
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Selling assets, such as a stake in the Scarborough LNG project would avoid the need to raise an extra A$2.

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