until the wind aint blowin on a cold cloudy day. then everyone looks at the thermal. thats how I still see it. and this winter here confirmed even in NZ.Quote:
Originally Posted by clearasmud
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until the wind aint blowin on a cold cloudy day. then everyone looks at the thermal. thats how I still see it. and this winter here confirmed even in NZ.Quote:
Originally Posted by clearasmud
Beach tends to rise and fall with the price of oil and has been a great stock for traders and shorters over the years.
They did a good deal 3 years ago when they brought some Origin assets cheap( Lattice energy) but since then they
have had to downgrade substantial 2p reserves and apart form picking up Senex energy assets in the Cooper basin for $80m
have been quite on the M&A front.
Beach have got a good portfolio of gas assets in the pipeline but management at the moment seems too passive for my liking.
Sold my holding a few weeks ago in the 1.80’s.
down 11% today I would think because of 2p reserve downgrades