What impact will the BHP / WPL Divestment Impact have on WPL’s share price?
Hi Guys, Yesterday you bought WPL. Can you please comment on whether the BHP/WPL divestment will negatively affect WPL's share price? Cheers
The Latest Q&A
Answer
Hi Cameron,
No, all things being equal with WPL getting an asset and issuing new shares to pay for it. WPL will simply become a larger energy focused business which MM believes will become a “cash cow” over the coming years. Major downside in the price of crude oil and natural gas is a more significant risk for the stock.
