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Sector booms with $10bn M&A deals

Traditional takeover activity in corporate Western Australia has been quiet this year but it’s a different story in the oil and gas sector.

Recent weakness in the iron ore price and the scrapping of some big projects has prompted many people to question the durability of the booming resources sector.

There are no such doubts in Western Australia’s oil and gas sector, which has seen nearly a dozen merger and acquisition transactions worth in excess of $US10 billion completed in the past year.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 31/10/17

1 year TSR5 year TSR
167thMineral Resources57%20%
218thSouth3237%0%
242ndAtlas Iron31%-58%
345thWoodside Petroleum13%3%
473rdFortescue Metals Group-9%7%
726 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

31/10/17
$7k Bought
31/10/17
$7k Bought
31/10/17
$6k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

1st-Fortescue Metals Group$10,999.7m
2nd↑South32$9,392.9m
3rd-Woodside Petroleum$5,715.9m
4th-Mineral Resources$1,470.4m
5th↑Atlas Iron$896.6m
491 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Woodside Petroleum

1stPeter Coleman$7.555m
19thMike Utsler$1.986m
23rdRobert Edwardes$1.668m
Ranked by total remuneration from all listed WA companies

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