SELL

Wood­side (WPL) $32.57

The Sunday Times - - PERSONAL FINANCE -

At cur­rent share price lev­els, WPL is about 5 per cent above its IRESS con­sen­sus tar­get price of $30.96. While the FY18E div­i­dend yield of 3.9 per cent is at­trac­tive, and WPL has the strong­est balance sheet among the big cap en­ergy plays, we be­lieve the stock is in over­bought ter­ri­tory, and doesn’t match bet­ter in­vest­ment op­por­tu­ni­ties else­where in the oil and gas space.

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