Woodside Loses Bull as Capex Cycle Lengthens -- Market Talk

Dow Jones

Oct 11, 2024

2207 GMT - Woodside Energy's capex commitments prompt Macquarie to downgrade the stock to neutral from outperform. Macquarie thinks Woodside's acquisitions of LNG project developer Tellurian and the Beaumont ammonia project in the U.S. effectively extend its capex cycle to 2030. As a result, a lower dividend now looks likely, the bank adds. "Woodside is driving an aggressive growth strategy, and as a result we forecast a dividend payout cut to 60% in our forecasts is necessary to ensure gearing doesn't run to levels materially above the 20% guardrail," Macquarie says. Its price target falls 18% to A$27.00/share. Woodside ended Thursday at A$25.74. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

October 10, 2024 18:08 ET (22:08 GMT)

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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2474270343"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2474270343\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2474270343?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-11 06:08","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2474270343","market":"nz","top_or_hot":-1,"title":"Woodside Loses Bull as Capex Cycle Lengthens -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  2207 GMT - Woodside Energy's capex commitments prompt <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> to downgrade the stock to neutral from outperform. Macquarie thinks Woodside's acquisitions of LNG project developer Tellurian and the Beaumont ammonia project in the U.S. effectively extend its capex cycle to 2030. As a result, a lower dividend now looks likely, the bank adds. \"Woodside is driving an aggressive growth strategy, and as a result we forecast a dividend payout cut to 60% in our forecasts is necessary to ensure gearing doesn't run to levels materially above the 20% guardrail,\" Macquarie says. Its price target falls 18% to A$27.00/share. Woodside ended Thursday at A$25.74. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 10, 2024 18:08 ET (22:08 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>Woodside Loses Bull as Capex Cycle Lengthens -- 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\">\nWoodside Loses Bull as Capex Cycle Lengthens -- 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\">2024-10-11 06:08</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  2207 GMT - Woodside Energy's capex commitments prompt <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> to downgrade the stock to neutral from outperform. Macquarie thinks Woodside's acquisitions of LNG project developer Tellurian and the Beaumont ammonia project in the U.S. effectively extend its capex cycle to 2030. As a result, a lower dividend now looks likely, the bank adds. \"Woodside is driving an aggressive growth strategy, and as a result we forecast a dividend payout cut to 60% in our forecasts is necessary to ensure gearing doesn't run to levels materially above the 20% guardrail,\" Macquarie says. Its price target falls 18% to A$27.00/share. Woodside ended Thursday at A$25.74. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 10, 2024 18:08 ET (22:08 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":"WDS","symbol_name":"Woodside Energy Group Ltd","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2474270343","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2474270343","pubTimestamp":1728598080,"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":"2207 GMT - Woodside Energy's capex commitments prompt Macquarie to downgrade the stock to neutral from outperform. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"WDS":"Woodside Energy Group Ltd","BK4213":"石油与天然气的勘探与生产","BK7142":"石油与天然气的勘探与生产","WDS.AU":"WOODSIDE ENERGY GROUP LTD"},"translate_title":"随着资本支出周期延长，伍德赛德失去了牛市——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WDS.AU":0.9,"WDS":0.9},"content_text":"2207 GMT - Woodside Energy's capex commitments prompt Macquarie to downgrade the stock to neutral from outperform. Macquarie thinks Woodside's acquisitions of LNG project developer Tellurian and the Beaumont ammonia project in the U.S. effectively extend its capex cycle to 2030. As a result, a lower dividend now looks likely, the bank adds. \"Woodside is driving an aggressive growth strategy, and as a result we forecast a dividend payout cut to 60% in our forecasts is necessary to ensure gearing doesn't run to levels materially above the 20% guardrail,\" Macquarie says. Its price target falls 18% to A$27.00/share. Woodside ended Thursday at A$25.74. (david.winning@wsj.com; @dwinningWSJ) \n\n\n  (END) Dow Jones Newswires\n\n\n  October 10, 2024 18:08 ET (22:08 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":0,"need_auth":true,"code":"91000000","status":"200"}}}