BPT 3.20% $1.29 beach energy limited

Ann: FY24 Fourth Quarter Activities Report, page-2

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  1. 5,240 Posts.
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    Quick take:

    • midpoint of revised guidance, although bottom of original
    • overall average realised price only slightly down at $79
    • capex at $963M was OK, expected it to be higher than prior as they had flagged "toward the upper end of $900 - 1,000 million. Could have been as much as $277M so $230M not so bad
    • balance sheet/liquidity looking strong
    • FY25 strategy hinges on delivering Waitsia (key part of the word being 'wait')

    I had held off buying more as I was half expecting to be rugged, interesting to see how this trades.
 
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