Woodside Petroleum 1H16 Earnings Result

WPL.ASX 1H16 underlying profit of $340m was down 50% on 1H15. IH16 EPS $0.41 and DPS (down 50%) to $0.34

Fy17 outlook is for full year EPS of $1.30 and DPS of $0.90 placing the stock on a forward yield of 4.5%.

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The stock appears to be in the early stage of a break higher and for the time being, we leave this name uncapped from a call option perspective.

WPL

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