There probably will be a bit of a pull back; but the beach still has strong fundamentals supporting the share price.
The cashflows will keep growing with every tie-in from the western flank. So even if the unconventional shale gas is not the bonanza every one is hoping for, the company is still in very good shape.
Alot of brokers are still looking at the Capex over the next couple of years as a negative; but I personally think there isn't a better placed company to fund it's unconventional drilling program. As it gets further derisked, beach will reap the full benefit of funding this program. Which will hopefully be reflected in the share price over the coming years and reward the patience of the investors..
The road along the way to this is bound to still have a few bumps, but so far this has been pretty smooth so far.
There probably will be a bit of a pull back; but the beach still...
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