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All posts by Adrian Prendergast

Senior Analyst

Sectors Covered: Mining, Energy

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Santos: Firing on all cylinders

By Adrian Prendergast

18 August 2021, 9:00 AM

A good 1H21 result for Santos Limited (ASX:STO), with EBITDAX 3% ahead of our estimate and +24% yoy.

BHP Group: Big moves and big dividends

By Adrian Prendergast

18 August 2021, 8:00 AM

Transformative developments are unfolding at BHP, with our biggest miner moving to divest its entire petroleum portfolio and removing its dual-listed share structure.

Iron Ore: Navigating big dividends

By Adrian Prendergast

11 August 2021, 3:00 PM

We still view the value downside vs big dividend return as a trade-off that on a total return basis is skewed to the downside for the big iron ore miners.

Iron Ore: Coming back to earth

By Adrian Prendergast

07 August 2021, 4:00 PM

So far 2H21 is shaping up as expected, with the robust demand conditions that supported strong June half results proving difficult to sustain.

Oil and Gas: STO revised offer finds support

By Adrian Prendergast

03 August 2021, 8:00 AM

Santos Limited (ASX:STO) & Oil Search (ASX:OSH) have found mutual ground on the proposed merger, with STO having increased its offer to 0.6275 STO shares (was 0.589).

Fortescue Metals Group: Bigger push into renewables

By Adrian Prendergast

30 July 2021, 1:00 PM

A better-than-expected 4Q21 result from Fortescue Metals Group (ASX:FMG) on balance. Delivering higher shipments than expected, offsetting rising C1 costs and sustaining capex.