This evening's CommSec update
Beach Energy (BPT)
Price target: $1.40
Share price: $1.065
OVERWEIGHT
BPT is an oil and gas company with interests in exploration tenements in Australia and globally. Its core focus is on the Cooper Basin in South Australia.
Key highlights from 3Q15 production report
– Production of 2.1mmboe was down 11% qoq due mainly to natural decline across oil assets and planned downtime at Moomba. Revenue of $131m was down 33% qoq due to lower realised oil prices and lower sales volumes (down 23% qoq), with lower seasonal gas demand and lower production the key factors.
– FY15 production guidance narrowed to 8.9-9.2mmboe, from 8.9-9.4mmboe previously. FY15 capex guidance was unchanged at $430–470m. FY16 capex is expected to be materially below FY15 levels with lower SACB and SWQ JV development spend, and minimal expenditure on unconventional gas as the Stage 2 scope is determined for the Nappamerri Trough natural gas program.
Cooper oil – Bauer facilities expansion complete, production expected to remain steady
Who controls Beach, page-3
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Last
$1.27 |
Change
0.015(1.20%) |
Mkt cap ! $2.897B | |||
| Open | High | Low | Value | Volume |
| $1.29 | $1.30 | $1.26 | $9.725M | 7.622M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 135823 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.28 | 50000 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| BPT (ASX) Chart |