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
Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi Guys, Yesterday you bought WPL. Can you please comment on whether the BHP/WPL divestment will negatively affect WPL's share price? Cheers
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.
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