There is going to be over 30 million traded for the day which is massive turnover. Nothing not to like about Beach but I wonder how much further the SP can run. I think brokers were concerned about Beach having to continually replace low cost Cooper production, however with this latest innovation of drilling horizontally, the Cooper may have more upside than what many brokers factored in.
There is an elephant in the room as well, with the Ironbark Gas prospect looking particularly enticing, if Cue can get another farmin partner to commit to drill.
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