WPL – Algo Buy Signal

WPL is a current holding in our ASX 100 model portfolio.

Recent production guidance suggests 2019 will likely deliver relatively flat production growth.  WPL trades with an implied oil price of around US$55, (versus current Brent Crude at $US74).

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The overnight announcement from the Trump administration stating it will no longer grant sanctions waivers to any country that is currently importing Iranian oil, is helping to provide support across the energy sector.

WPL goes ex-div $0.73 on the 23rd Aug.

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