0058 GMT - For Woodside Energy, the sale of equity in its Louisiana LNG project is the next big test, according to UBS. It thinks Woodside needs to sell down more than a 20%-30% stake in the holding company of Louisiana LNG to meet its commitment to a 50% equity exposure to the integrated project. "We think an ongoing 70-80% exposure to the LNG volumes/commercial risk and capex overrun risk is a higher than preferred exposure to a project of this scale and could be an overhang for the stock," says UBS analyst Tom Allen, who rates Woodside at neutral. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
April 23, 2025 20:58 ET (00:58 GMT)
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