Beach Energy logo

BPT - Beach Energy News Story

A$1.76 -0.0  -0.6%

Last Trade - 7:10am

Sector
Energy
Size
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
subindex  urn:newsml:reuters.com:*:nL4N2KS4XP
    ** 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
 O/R 
    ** 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)
 ((Anushka.Trivedi@thomsonreuters.com; +918061823241;))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.