Investors are pulling out of Woodside as shares fall in value

Woodside Energy has been struggling with investor dissatisfaction, which has forced some funds to pull out of the stock over dividend stability concerns and frustration over missing out on a share buyback opportunity by striking two deals in the U.S.

Blackmore Capital, an Australian equities manager that focuses exclusively on long-term deals, said on Friday that it sold shares in Woodside in August, citing “concerns” about the company’s significant U.S. acquisitions and the strain they would place on its balance sheet.

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