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BPT - Beach Energy News Story

A$1.76 -0.0  -0.6%

Last Trade - 7:10am

Mid Cap
Market Cap £2.26bn
Enterprise Value £2.30bn
Revenue £842.2m
Position in Universe 134th / 1902

BUZZ-Australia's energy index: Up 5% as Oil Search, crude prices rally

Tue 23rd February, 2021 3:30am
** Energy index  .AXEJ  rises as much as 4.5%, its biggest
intraday pct gain since Jan. 7
    ** Oil Search  OSH.AX  jumps 9% after reporting a surprise
annual profit to be the top gainer and the biggest boost to the
    ** OSH firms most since Nov. 10 on making underlying profit
of $22 mln vs analyst est. of a loss of $24.7 mln due to
aggressive cost cuts
    ** Other stocks in the index were supported by higher crude
prices as they jumped by more than $1 on slow U.S. output
restart after a deep freeze shut production in Texas last week
    ** Gas producers Beach Energy  BPT.AX  and Santos Ltd
 STO.AX  up almost 6% each
    ** Heavyweight Woodside Petroleum  WPL.AX  rises as much as
5.2%, sees best session since Jan 13

 (Reporting by Anushka Trivedi in Bengaluru)
 ((; +918061823241;))
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