The quarterly was ok and definately much better than previous quarters.
Good to see a jump finally in oil production but that is expected when new wells come online as they initially have very high flow rates before they then stabalise and drift lower over time.
My issue with the oil is that unless further new oil wells come online the oil production will start declining again over time.
My other issue is I can't see the large production increase that everyone is expecting until at least 2024/25 so its a question on how long you want to wait to see this.
Personally I think the 2023/24 guidance will be below market expectations so I decided to just take my profits and will buy back on any dips.
For 2022/23 I'm now expecting an EBITDA of around $950M and a NPAT of around $310M which puts Beach on a PE of around 11.5
I am also guessing a net cashflow of negative $310M due to higher Capex and I am forecasting a breakeven net cashflow for 2024/25 assuming a Capex spend of $800M which may or may not occur.
Ann: FY23 Fourth Quarter Activities Report, page-8
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Last
$1.27 |
Change
0.025(2.02%) |
Mkt cap ! $2.885B | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.27 | $1.24 | $4.431M | 3.535M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 115278 | $1.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.27 | 43307 | 4 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| BPT (ASX) Chart |