ADX 1.01% 10.0¢ adx energy ltd

The “gas-fired” investment opportunity in the Australian energy sector

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    • The global energy market crashed in 2020 as weak demand, ramped-up production, and the COVID-19 pandemic sent oil prices tumbling
    • The sector gradually recovered in the 12 months after the crash, but U.S. petrol has hit a massive supply crunch just this month after a major cyberattack against fuel pipeline operator Colonial Pipeline
    • Yet, the Australian government has pegged the energy market as one of the catalysts for the nation's COVID-19 economic recovery
    • Prime Minister Scott Morrison and Energy Minister Angus Taylor have outlined a string of government measures to prop up the energy sector in coming months and years
    • On top of this, analysts like Deloitte, UBS and Goldman Sachs are all predicting rising oil prices over the next few years
    • Given the ASX energy sector is still far below its pre-pandemic glory, the energy market could present a unique opportunity to Australian investors
    • On the upper end of the market, the likes of Santos (STO) and Beach Energy (BPT) could offer relatively safe but smaller gains to investors
    • On the junior, more speculative side of the market, the likes of State Gas (GAS), Australis Oil and Gas (ATS) and ADX Energy (ADX) are on watch by investors
    • Whether ASX investors opt for safe or speculative plays, the energy market has been largely overlooked in Australia's COVID-19 market recovery so far

    Read the Full Article on The Market Herald here
 
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