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Premier Colin Barnett speaking at the APPEA conference in Perth today. Photo: Attila Csaszar

“Stop reading American management books”: Barnett

Premier Colin Barnett has launched a blunt attack on the gas industry, saying it doesn’t understand Australia, had left his government swinging “high and dry”, and needed to do more for the domestic market.

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perth
TOO LATE!!!!!! THERE IS NO GOING BACK NOW. Both Federal & state governments of all persuasions are responsible. Bit rich to start bleating now, blind freddy could see this outcome 10 years ago. Mission accomplished - natural resource acerage secured by foreign owned multinationals, forget the two speed economy, welcome to the two speed society!!!

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Total Shareholder Return as at 31/01/18

1 year TSR5 year TSR
195thMineral Resources59%18%
231stSouth3245%0%
393rdWoodside Petroleum9%4%
568thFortescue Metals Group-19%5%
722ndAtlas Iron-45%-55%
709 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
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20/02/18
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31/10/17
$7k Bought
31/10/17
$7k Bought
Total value as at the date of the transaction
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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
498 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Woodside Petroleum

1stPeter Coleman$7.555m
17thMike Utsler$1.986m
21stRobert Edwardes$1.668m
Ranked by total remuneration from all listed WA companies

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