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.
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