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Beach Energy (BPT)

$1.36
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What does Bull and Bear mean?

Market Matters View Point?

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Market Matters
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MM is bullish the sector, preferring STO

OPINION

Beach Energy (BPT) $1.365

BPT +10.53%: the standout in a weak day today, Beach was helped by surging energy prices as well as a strong showing at their investor day. Beach talking to FY24 production of 28mboe, up from Fy21 25.6mboe. Importantly this target is fully funded and comes from current assets, excluding a number of projects in the pipeline. Gearing is set...

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Beach Energy (BPT) $1.09

The other stock to fall almost 10% yesterday was BPT, which coincidentally also tumbled -9.9% following its FY21 earnings which disappointingly showed a 37% drop in profits following from a 10% decline in revenue. Oppositely to A2M this is a stock where its increasing number of shorts would have been smiling albeit in this case only a 3.45% exposure.

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Beach Energy (BPT) $1.63

The local Oil Sector has been fairly disappointing in 2021 failing to embrace crudes surge above $US60/barrel, at this stage we feel the 25% correction is overdone but any reasonable bounce will catch our attention.

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Beach Energy (BPT) $1.68

Beach Energy (BPT) -4.27%: 1H21 results released this morning that were weak and the stock has reacted accordingly. In short, we didn’t like the following: Underlying earnings -5% on this time last year thanks to a lower realised Oil price and it was a miss to expectations by around 3%.

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Beach Petroleum (BPT) $1.76

BPT is high Beta stock leveraged to the oil price which is illustrated by its 23% pullback while the whole sector took a breather over recent weeks. At the end of January, the company released its 2nd quarter which was down 3% compared to the same time last year which combined with the COVID inspired plunge in oil over the last year saw a more than 25% plunge in revenue – its why the stocks no longer knocking on the $3 door.

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ACTION

BPT
UPDATED 28/09/2021 17:54
MM is bullish the sector, preferring STO
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BPT
UPDATED 18/08/2021 10:05
MM is short-term bearish BPT
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BPT
UPDATED 03/06/2021 09:24
MM has no interest in BPT
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BPT
UPDATED 07/04/2021 14:16
MM is selling BPT in the Flagship Growth Portfolio take a loss around $1.71.
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BPT
UPDATED 03/03/2021 08:58
MM is considering selling BPT around $1.90.
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BPT
UPDATED 16/02/2021 16:03
MM is cautious BPT following 1H21 result
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BPT
UPDATED 16/02/2021 09:48
MM are now neutral BPT at best following 1H21 result
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BPT
UPDATED 08/02/2021 07:07
MM likes BPT at current levels, but we are mindful of its volatile nature
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Oil and gas producer

Beach Energy (BPT) explores for, develops, and produces oil and natural gas holding interests in exploration and production tenements in Australia, USA, Egypt, Tanzania and Papua New Guinea.

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Beach Energy (BPT)
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Beach Petroleum (BPT)
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Beach Petroleum (BPT)
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Beach Energy (BPT)
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Beach Energy (BPT)
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Beach Energy (BPT)
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Beach Petroleum (BPT)
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Beach Energy (BPT)
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Beach Petroleum (BPT)
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Beach Energy (BPT)
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