Beach Energy (BPT) -5.12%: Another energy name out with their quarterly. Revenue fell on a slight fall in production while realised pricing edged higher. They fell into net debt of $46m after buying Senex’s Cooper Basin asset in the quarter, though the figure is clearly manageable at current prices with Beach looking to leverage up further, eyeing cheap assets on the chopping blocks of more indebted energy names. We own BPT in the Growth Portfolio for this reason, seeing it the best placed to capitalise. Shares were down on softer prices.
scroll
PULSE CHECK WEBINAR: Portfolio positioning towards FY26
Close
Gerrish: The correction is done, we’re positioning for what comes next
Close
Friday 6th June – Dow off -108pts, SPI down -13pts
Close
Relevant suggested news and content from the site
Video
WATCH
PULSE CHECK WEBINAR: Portfolio positioning towards FY26
FY26 is shaping up as a year where strategic portfolio positioning will matter more than ever. Hear from James Gerrish & Shawn Hickman as they detail MM's current views.
Video
WATCH
Gerrish: The correction is done, we’re positioning for what comes next
The Market Matters lead portfolio manager talks the recent recovery, Trump, gold, and why he thinks there's plenty of opportunities.
Podcast
LISTEN
Friday 6th June – Dow off -108pts, SPI down -13pts
Daily Podcast Direct from the Desk
Members only
UNLOCK MARKET MATTERS NOW
Take a free trial.
No payment details required.
