Woodside May Consider Buying InterOil or PNG Stake: Macquarie

[Gator]

     Jan. 21 (Bloomberg) -- Woodside faces growing pressure to

make an acquisition of as much as $5b and should “perhaps look

at” buying InterOil Corp. or a stake in Papua New Guinea gas

fields from Total SA, Macquarie Group says.

  * Woodside appears to have few opportunities to grow with

    existing assets and has accelerating underlying production

    decline rates, Macquarie says in report yesterday

  * Without new project approvals or acquisitions, Woodside

    earnings may fall 35% through end of the decade, it says

  * NOTE: InterOil last mo. agreed to sell Total a 61.3% stake

    in its PNG license that includes the Elk and Antelope fields

  * NOTE: Total said last month the size of its stake may drop

    should a “strategic partner” acquire up to a 19.3%

    interest

[Palm]

Nice info Gator. Thanks for that. Seems a good number of people feel like this could make sense as opposed to considering something like Santos. Wouldn't that be ironic? A bunch of "Woodies" come over to IOC, and the big Woody makes a move.

[jft310]

On the Roadshow it was stated Japex might want that 19% interest.
If I were CEO of Woodside I would be looking at Interoil.
The best course long term to maximize value is drill and sell and drill and sell.
Will we get the chance.

[Tusker]

Nice info Gator. Thanks for that. Seems a good number of people feel like this could make sense as opposed to considering something like Santos. Wouldn't that be ironic? A bunch of "Woodies" come over to IOC, and the big Woody makes a move.

Recall a quote from the near past... "If they are not talking about you, than you are not relevant."

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[Palm]

But is it polite to talk about woodies Tucker?

[Tusker]

But is it polite to talk about woodies Tucker?

Not sure, may require a focus group of well informed opinions.  Do you think there could be a tie in to the very,very,very,very happy disposition?

[Palm]

At least a correlation Tucker; a woodie that is the focus of attention is a very very very very happy woodie

[ebster123]

Bloomberg said a similar thing May 2, 2013 with Phil gone. There was mention of XOM or RDS having a takeover and that never materialized. In the end, under promise and over deliver MH. But the pps does not suggest such a thing, not yet. I would not hold my breath until I see momentum in the pps upward.

[sydbod]

Nice info Gator. Thanks for that. Seems a good number of people feel like this could make sense as opposed to considering something like Santos. Wouldn't that be ironic? A bunch of "Woodies" come over to IOC, and the big Woody makes a move.

I never said that Woodside would conside taking over Santos ...... I believe they have no intentions in that area. I just believe that something like taking over Santos makes more sence than taking over IOC, when one considers what needs Woodside actually has.

YES Woodside has too much money to put away at the moment, but Woodside has more than enough long dated projects as well.

EDIT: http://www.theaustralian.com.au/business...6804550346#

[Palm]

You're a sensitive fellow syd. But that article and others about what Woodside "might" do in Canada is hardly a lock. It's hard to find more words like "possibly", "potential" "future possibilities" "could", etc etc. These companies poke lots of sticks in the fire; some long, some short. The ones which catch fire first are pursued. You don't know any better than Macquarie what makes sense for Woodside. Fact is this is what Macquarie stated today.