It’s looking competitive for Woodside as its assets are perfectly aligned with Shell
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he has only made two decisions during he entire tenure. they run on a quarterly loop. buy back stock and cut.
his job could easily be replaced by ai. maybe we should cut costs that way
the best part is that Shell knows a lot of woodside's assets, because Shell sold it to them. This is Shell's way.Own an asset, fail to make it thrive, sell it at a loss, someone else operates it successfully, then Shell pays a premium to get it back (depleted). Just like Aera, then large fractions of the Montney, there are other examples too.
And still I would be happier with Shell buying assets rather than shares to cancel.
@em what?!!
Oil prices crashing on Monday…Next week Wail will have some tough decisions!
Shell needs gas and LNG in diverse locations. XOM purchasing active LNG projects located within days navigation from China, Korea, and Japan. Shell may be compelled to sanction some remote stranded gas assets in Namibia…totally behind the curve.