I totally agree with this.
Though, I don't hold Beach atm, I use to hold and exited a long time ago at higher prices.
Beach on comparative basis with Senex, makes Beach look more undervalued.
You look at the 2P reserves and annual production of Beach and compare that with Senex, so that raises questions "how on earth is Senex have a market cap of $1b vs Beach's $1.7b, when Senex is "annual production guidance for this year" is merely 17.5% of what Beach Energy produces 8mmboe.
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I totally agree with this.Though, I don't hold Beach atm, I use...
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