All posts by Adrian Prendergast
Senior Analyst
Sectors Covered: Mining, Energy
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
20 April 2020, 12:50 PM
Concern around short-term metal prices for the sector remains, but we maintain our preference for RIO with an Add rating.
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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 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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By Adrian Prendergast
06 March 2020, 3:50 PM
Current uncertain conditions have pushed our sector preference towards RIO, given its premium iron ore products and large stimulus exposure.
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By Adrian Prendergast
27 February 2020, 6:12 PM
Rio Tinto (RIO) revealed the potential Q1 impact from the coronavirus, which is likely to be followed by a period of strong Chinese stimulus (in Q2 if the virus is contained). Volatility could create a better opportunity to accumulate RIO at discounted levels.
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By Adrian Prendergast
19 February 2020, 1:15 PM
Despite reporting no direct impact on demand, sales, deliveries or payments stemming from the Coronavirus, BHP decided to remain conservative by not flexing its H1 dividend and keeping gearing at the low end of its target range.
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By Adrian Prendergast
23 January 2020, 1:20 PM
Overall a positive second quarter operational result from BHP.
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By Adrian Prendergast
20 January 2020, 3:50 PM
Reporting a solid Q4 for its flagship iron ore operations, we see Rio as having notable potential for announcing a special dividend at its February result.
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By Adrian Prendergast
20 January 2020, 1:45 PM
A solid Q4 operational performance from Woodside, with output offsetting high temperatures during the quarter that impacted LNG production.
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