{"id":229438,"date":"2010-01-26T01:46:00","date_gmt":"2010-01-26T06:46:00","guid":{"rendered":"tag:blogger.com,1999:blog-9864176.post-5849942042866870219"},"modified":"2010-01-26T02:10:53","modified_gmt":"2010-01-26T07:10:53","slug":"santos-oil-search-of-better-value-than-woodside-jpmorgan-says","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/229438","title":{"rendered":"Santos, Oil Search of Better Value Than Woodside, JPMorgan Says"},"content":{"rendered":"<p>Bloomberg has an article on Australian <a href=\"http:\/\/peakenergy.blogspot.com\/2008\/06\/no-post-tonight.html\">natural gas<\/a> and <a href=\"http:\/\/peakenergy.blogspot.com\/2008\/10\/coal-seam-gas-producers-new-masters-of.html\">coal seam gas<\/a> companies Woodside and Santos &#8211; <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601081&#038;sid=amUwjyYLWdWI\">Santos, Oil Search of Better Value Than Woodside, JPMorgan Says <\/a>.<\/p>\n<blockquote><p> Santos Ltd. and Oil Search Ltd., which are developing liquefied natural gas projects in Asia Pacific, are of \u201csuperior\u201d value to Woodside Petroleum Ltd., JPMorgan Chase &#038; Co. said.<\/p>\n<p>\u201cWoodside is overvalued versus peers based on our capital expenditure estimates for its LNG projects, and also given greater uncertainties in LNG growth,\u201d Mark Greenwood, a Sydney- based analyst for JP Morgan, said in a Jan. 22 note to clients.<\/p>\n<p>Woodside, operator of Australia\u2019s North West Shelf LNG project, is building a A$13 billion ($11.8 billion) LNG project in Western Australia, and planning new ventures at Pluto, Sunrise and Browse gas deposits.<\/p>\n<p>\u201cWe do not think Browse and Sunrise are at a mature enough stage currently to secure heads of agreements, and timely exploration success is required for Pluto-2 to meet its target final investment decision date at the end of 2010,\u201d Greenwood said. &#8230;<\/p>\n<p>East Timor will block Woodside\u2019s plans to develop the Sunrise LNG plant, the Associated Press reported this month, citing a statement from Secretary of State Agio Pereira. <\/p><\/blockquote>\n<div class=\"blogger-post-footer\"><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-2189376323632485\";\n\/* 728x90, created 5\/18\/08 *\/\ngoogle_ad_slot = \"3866831776\";\ngoogle_ad_width = 728;\ngoogle_ad_height = 90;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\"\nsrc=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><img width='1' height='1' src='https:\/\/blogger.googleusercontent.com\/tracker\/9864176-5849942042866870219?l=peakenergy.blogspot.com' alt='' \/><\/div>\n<p><a href=\"http:\/\/feedads.g.doubleclick.net\/~a\/NcsdpWb8iPIgN7Dk89kNCKmk17g\/0\/da\"><img decoding=\"async\" src=\"http:\/\/feedads.g.doubleclick.net\/~a\/NcsdpWb8iPIgN7Dk89kNCKmk17g\/0\/di\" border=\"0\" ismap=\"true\"><\/img><\/a><br \/>\n<a href=\"http:\/\/feedads.g.doubleclick.net\/~a\/NcsdpWb8iPIgN7Dk89kNCKmk17g\/1\/da\"><img decoding=\"async\" src=\"http:\/\/feedads.g.doubleclick.net\/~a\/NcsdpWb8iPIgN7Dk89kNCKmk17g\/1\/di\" border=\"0\" ismap=\"true\"><\/img><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg has an article on Australian natural gas and coal seam gas companies Woodside and Santos &#8211; Santos, Oil Search of Better Value Than Woodside, JPMorgan Says . Santos Ltd. and Oil Search Ltd., which are developing liquefied natural gas projects in Asia Pacific, are of \u201csuperior\u201d value to Woodside Petroleum Ltd., JPMorgan Chase &#038; [&hellip;]<\/p>\n","protected":false},"author":763,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-229438","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/229438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/763"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=229438"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/229438\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=229438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=229438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=229438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}