Market's Assumptions About Woodside's Burrup Hub Look Too Rosy -- Market Talk

Dow Jones

2024-11-06

2217 GMT - Citi thinks the market could be overestimating the amount of liquefied natural gas that will be produced from Woodside Energy's Burrup Hub. This may be because it is modelling production from gas fields without considering downstream liquefaction capacity. So, there could be "double counting" capacity when Woodside's new Scarborough development comes online, analyst James Byrne says. Another explanation is that the market assumes a significant amount of gas from Woodside's Pluto project is sent to the North West Shelf facility for liquefaction. "We see a risk that consensus is overestimating Pluto production longer term which we estimate could be adding 5% to consensus valuations," Citi says. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

November 05, 2024 17:17 ET (22:17 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。

热议股票

1
2
3
4
5
6
7
8
9
10

{"basename":"/hans","ssrTDKData":{"titleTemplate":"%s - 老虎证券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎证券,老虎证券开户,老虎券商,老虎证券官网,老虎证券app,tigertrade老虎证券,股票,炒股,新加坡股票交易平台,投资,投资理财","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hans/news/2481508526"},"companyName":"老虎证券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2481508526\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2481508526?lang=zh_CN&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-06 06:17","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2481508526","market":"sh","top_or_hot":-1,"title":"Market's Assumptions About Woodside's Burrup Hub Look Too Rosy -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2217 GMT - Citi thinks the market could be overestimating the amount of liquefied natural gas that will be produced from Woodside Energy's Burrup Hub. This may be because it is modelling production from gas fields without considering downstream liquefaction capacity. So, there could be \"double counting\" capacity when Woodside's new Scarborough development comes online, analyst James Byrne says. Another explanation is that the market assumes a significant amount of gas from Woodside's Pluto project is sent to the North West Shelf facility for liquefaction. \"We see a risk that consensus is overestimating Pluto production longer term which we estimate could be adding 5% to consensus valuations,\" Citi says. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 05, 2024 17:17 ET (22:17 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Market's Assumptions About Woodside's Burrup Hub Look Too Rosy -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarket's Assumptions About Woodside's Burrup Hub Look Too Rosy -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-06 06:17</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2217 GMT - Citi thinks the market could be overestimating the amount of liquefied natural gas that will be produced from Woodside Energy's Burrup Hub. This may be because it is modelling production from gas fields without considering downstream liquefaction capacity. So, there could be \"double counting\" capacity when Woodside's new Scarborough development comes online, analyst James Byrne says. Another explanation is that the market assumes a significant amount of gas from Woodside's Pluto project is sent to the North West Shelf facility for liquefaction. \"We see a risk that consensus is overestimating Pluto production longer term which we estimate could be adding 5% to consensus valuations,\" Citi says. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 05, 2024 17:17 ET (22:17 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B7SZL793.SGD","symbol_name":"Legg Mason Royce - US Small Cap Opportunity A Acc SGD-H","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2481508526","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481508526","pubTimestamp":1730845020,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2217 GMT - Citi thinks the market could be overestimating the amount of liquefied natural gas that will be produced from Woodside Energy's Burrup Hub. This may be because it is modelling production from gas fields without considering downstream liquefaction capacity. So, there could be \"double counting\" capacity when Woodside's new Scarborough development comes online, analyst James Byrne says. Another explanation is that the market assumes a significant amount of gas from Woodside's Pluto project is sent to the North West Shelf facility for liquefaction. \"We see a risk that consensus is overestimating Pluto production longer term which we estimate could be adding 5% to consensus valuations,\" Citi says. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00B7SZL793.SGD":"Legg Mason Royce - US Small Cap Opportunity A Acc SGD-H","BK4131":"航空货运与物流","BK7142":"石油与天然气的勘探与生产","WDS.AU":"WOODSIDE ENERGY GROUP LTD","IE00B66KJ199.SGD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY  \" A\" (SGD) ACC","IE00B19Z4B17.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) ACC","WDS":"Woodside Energy Group Ltd","BK4213":"石油与天然气的勘探与生产","IE0031619046.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) INC","HUBG":"枢纽"},"translate_title":"市场对伍德赛德Burrup中心的假设看起来过于乐观——市场谈话","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HUBG":1,"WDS":0.9,"WDS.AU":0.9},"content_text":"2217 GMT - Citi thinks the market could be overestimating the amount of liquefied natural gas that will be produced from Woodside Energy's Burrup Hub. This may be because it is modelling production from gas fields without considering downstream liquefaction capacity. So, there could be \"double counting\" capacity when Woodside's new Scarborough development comes online, analyst James Byrne says. Another explanation is that the market assumes a significant amount of gas from Woodside's Pluto project is sent to the North West Shelf facility for liquefaction. \"We see a risk that consensus is overestimating Pluto production longer term which we estimate could be adding 5% to consensus valuations,\" Citi says. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 05, 2024 17:17 ET (22:17 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}