The S&P/ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open slightly lower today despite gains from the USA’s Dow Jones Industrial Average (.DJI).
Here are the data points:
Australian Dollar ($A) (AUDUSD): 70.30 US cents
Dow Jones (DJI): up 1.1%
Oil (WTI): $US45.30 per barrel
Gold: $US1,277 per ounce
Sharemarket News
In sharemarket news, Woodside Petroleum Ltd (ASX: WPL) announced it has awarded a contract to Bechtel (Western Australia) Pty Ltd to conduct the front-end design and engineering for the Pluto Train 2 Project. If it goes ahead, this LNG project would be a significant step forward in Woodside’s plans to develop the Burrup Hub.
“Our Burrup Hub vision is taking shape as we work with Bechtel to progress the Pluto Train 2 Project, which will create a pathway for the globally cost-competitive development of Western Australian gas resources,” Woodside CEO Peter Coleman said in an ASX update on Friday.
Speedcast International Ltd (ASX: SDA), a company which develops and sells communications solutions for the marine and energy sectors, revealed that it expects to report underlying EBITDA between US$130 million to US$135 million for its 2019 financial year (click here to learn what EBITDA means).
The new guidance is lower than the previous guidance released by Speedcast, which was US$135 million to US$145 million. “The change is primarily due to the Carnival renewal taking longer than expected, slower implementation of new project wins in EEM, and Energy performing slightly below expectations,” Speedcast said.
Since August, Speedcast shares have fallen from around $6.70 to their current price of around $2.90.
In other news, today we take a look at shares of blue-chip technology company SEEK Limited (ASX: SEK) and outline three reasons to consider owning the HR technology company’s shares in 2019. You can read the update here: 3 Reasons To Consider Owning SEEK Shares.
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