By Adrian Prendergast
18 February 2021, 12:30 PM
Woodside Petroleum reported earnings well short of consensus expectations for 2H20. Growth projects remain reliant on Woodside’s ability to deal its equity in these projects.
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By Adrian Prendergast
18 February 2021, 10:00 AM
Santos' second half result followed expectations. Unsurprisingly, the result focused on the FX-impacted cost guidance for 2021, in-line with pressure being felt across the resources industry.
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By Max Vickerson
15 February 2021, 12:30 PM
Beach Energy's (BPT) 1H21 underlying EBITDA was slightly below our expectations while NPAT was significantly ahead. Uncertainty on the performance of BPT’s Bauer oil field looks to be weighing on the share price.
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By Adrian Prendergast
26 November 2020, 12:00 AM
An eventual Covid recovery, building supply response, and the prospect of a weakening US dollar have combined to leave us bullish on our oil & gas coverage. We have made short- and medium-term upgrades to our oil price forecasts.
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By Adrian Prendergast
16 July 2020, 11:55 AM
Along with its June quarter result, Woodside Petroleum (ASX:WPL) flagged impairments at its upcoming August result. Overall we saw a better Q2 result than expected, albeit realised LNG prices plummeted. As a result. we maintain our Hold rating on WPL.
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By Adrian Prendergast
14 May 2020, 8:50 AM
The recent recovery in oil & gas stocks has been positive, but some have materially outpaced oil prices, and in doing so have essentially priced in a rapid v-shaped recovery that is looking increasingly unlikely.
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By Adrian Prendergast
21 April 2020, 1:15 PM
We expect the panic selling to continue in oil futures markets and ETF’s and for it to extend into June. We have been waiting for this kind of oil price volatility (waiting for it to hit rock bottom) so we can gain conviction on our buy ideas, and it looks like it is quickly approaching.
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By Adrian Prendergast
16 April 2020, 12:52 PM
I provide an update on the latest developments in the oil market, following the announcement from OPEC+ of record supply cuts. I also detail our top picks across the sector.
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By Max Vickerson
30 March 2020, 2:40 PM
Domestic gas markets have seen a fall in prices since November 2019 driven by weaker international LNG spot prices.
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By Adrian Prendergast
23 March 2020, 2:15 PM
We continue to recommend caution investing in oil & gas, with weak demand/supply fundamentals having some way to play out.
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