Woodside’s 1Q-17 quarterly production was impacted by weather, with sales revenue down to US$895 vs US$1b in the December quarter of 2016.
Woodside is working on advancing Scarborough & Browse LNG projects. With the market assigning a minimal current value to these projects, they could provide longer term material upside to Woodside should it be successful in demonstrating the viability of the projects.
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FY18 forecast EPS is likely to be similar to FY17 placing the stock on a forward yield of 4%.
