By Adrian Prendergast
18 February 2021, 5:00 PM
South32 reported a strong 1H21 earnings result that exceeded estimates. The SAEC sale is still a major value catalyst, and worth waiting for.
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By Adrian Prendergast
19 February 2021, 12:00 AM
With Fortescue Metal Group easing our fears over the Iron Bridge magnetite project and reporting a strong 1H21 result, we maintain a Hold rating.
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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 Adrian Prendergast
17 February 2021, 12:00 PM
We have upgraded our iron ore forecasts for the next three years.
While trading near our revised targets, we see robust earnings and dividends as
increasingly important in the current global climate.
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By Adrian Prendergast
17 February 2021, 9:00 AM
BHP certainly had the ammunition for it, but we had not counted on the company
paying out 85% of earnings for a record interim dividend in 1H21. Further, BHP has hoisted potash into its circle of most preferred “future facing” commodities, along with copper and nickel.
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By Adrian Prendergast
01 February 2021, 5:00 PM
Fortescue Metal Group posted a strong 2Q21 result, though it came with the warning that FMG was conducting a detailed review of the budget and schedule for its Iron Bridge magnetite project.
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By Adrian Prendergast
22 January 2021, 1:00 PM
There was a mixed operational result from South32, although generally ahead of our estimates. Now trading in line with our target price we lower our rating to Hold.
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By Chris Brown
13 January 2021, 9:00 AM
Morgans Senior Analyst Chris Brown talks about the effects of projected growth in Electric Vehicle production, in particular on the demand for copper. Chris also provides insight into ASX-listed copper producers and associated wannabees.
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By Adrian Prendergast
09 December 2020, 12:00 PM
With limited experience in energy, we see Fortescue (ASX:FMG) as poorly placed to enter renewables – a space characterised by surging competition, dominated by energy super majors, and deteriorating return profiles. Fortescue's iron ore business meanwhile is going from strength-to-strength.
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