The share price is struggling because oil and gas prices are horrible and at huge lows! Apparently due to concerns of Chinas growth. Either way, usa’s strategic reserves need replenishing, they will likely be doing this secretly to avoid it getting to the media and avoiding a substantial price rise. Also, opec meeting is next week and I wouldn’t be surprised to see another production cut at these low prices. Hopefully the share price will be back on the uptrend next week! These 5% drops in oil prices and gas almost at yearly lows do not help at all. I am surprised we haven’t been further sold down into the 1.40s to be fair.
Beach Energy Limited, page-337
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