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Bears move in on Woodside

Screen Shot 2014-02-10 at 16.29.29Extracts from a Sydney Morning Herald article by Angela Macdonald-Smith published 29 May 2014

As Woodside Petroleum shares trade around their highest for almost three years, the stock is increasingly attracting the bears thanks to market worries about a lack of near-term growth, the temptation of an acquisition and expected tougher competition in gas supply to Asia.  Still overhanging the stock is Royal Dutch Shell’s anticipated further sell-down from its current 23 per cent stake, with the increase in the share price adding to the expectations.

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