BEACH PETROLEUM - BPT

[Rabbi]

good run last few months, still worth looking at? thoughts?

Has had a decent run up on the price of oil but there were other factors. One of them was the takeovers of AWE and Santos which bolstered oil stocks
like Beach which were not anywhere near fair value. They also bought Lattice energy when the oil price was low, and now they are reaping a windfall
and cutting back their debt quite quickly. You would think they might run out of steam any time soon, however if oil keeps rising, their quarterly figures
impress, and they get into the ASX 100 then there is alot more upside.

[Rabbi]

Well the oil price has taken a hit especially WTI, and Beach is now off about 20 cents from it's recent high. An overreaction?
It might pay to wait and see what the OPEC and the Russians decide at the next meeting before buying oil stocks. The conventional wisdom says that
OPEC will only counter the loss of production from Venezuela and the effect of the Iran sanctions. In that event there is no good reason for the oil price to
fall any further.

[Rabbi]

Well the oil price has taken a hit especially WTI, and Beach is now off about 20 cents from it's recent high. An overreaction?
It might pay to wait and see what the OPEC and the Russians decide at the next meeting before buying oil stocks. The conventional wisdom says that
OPEC will only counter the loss of production from Venezuela and the effect of the Iran sanctions. In that event there is no good reason for the oil price to
fall any further.

This denouement seems to be unfolding,with Beach rumored to be eyeing up other takeover targets already, so soon after winning
Origins' Lattice assets. Quadrant energy and Senex are rumoured to be on the hit list. Personally, I think Quadrant is too big a fish,
and Senex doesn't fit their profile. I wouldn't buy at this price unless I thought there was more upside?

[Rabbi]

Full year results were impressive but market sold the fact on heavy volume. A rise in the price of oil will be the catalyst for Beach to fly even higher.
The second biggest onshore oil producer in Australia.

[Rabbi]

Full year results were impressive but market sold the fact on heavy volume. A rise in the price of oil will be the catalyst for Beach to fly even higher.
The second biggest onshore oil producer in Australia.

Beach has the lowest p.e. ratio of all the top tier Aussie oilers. It is in fact the largest onshore oil producer in Australia.
Looks like it has been unloved and ignored by the market for too long. should have all its debt paid off by the end of next year or even sooner.
Picked up Lattice energy from Origin for a song and now reaping the benefits.

[macduffy]

Bullish tone to today's Investor Briefing:

https://www.asx.com.au/asxpdf/201809...fdjgf14xb1.pdf

I sold mine a few years ago but overlooked the ExDiv status at the time and received a small extra parcel! These have now grown to be a slightly larger small parcel - but worth keeping at current prices.

[NZSilver]

Ive been watching this $2+ now at 1.25ish, directors buying on the way down but oil could fall further as america continues to produce a lot. Woodside also down significantly

[wizAlvin]

ASZ 2019 competition closing in few hours

[peat]

Looking quite cheap historically nowadays.

Sure oil isnt flavour of the month but it is still selling at $US40 a barrel. and Beach only spends $A5 to get one out.

[macduffy]

Incidentally, Beach Petroleum is now Beach Energy - as is the fashion these days.