At the same time, its tie-up with Woodside Petroleum has been given the green light, with the two companies entering a merger to combine their respective oil and gas portfolios to create a global top 10 energy company.
The newly formed Woodside expects about 5 per cent a year net production growth out to 2030, based on Woodside’s own estimate, and if you add this to its dividend yield, this gets you to 11 per cent, which would suggest a share price jump is in order.
Both deals have been considered and widely discussed for 15-plus years, dating back to BHP’s acquisition of Billiton in 2001.
Real Flow Finance specialises in loans for real estate agents secured against future receivable commission, and helps vendors afford the costs of selling their home upfront.
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