2020 Federal Budget Review

By Terri Bradford

08 October 2020, 10:55 AM

The 2020 Federal Budget is touted as an 'Economic Recovery Plan for Australia'. We summarise those measures that have been proposed in this year's Federal Budget from a Wealth Management/Financial Planning perspective.

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BHP Group: Moves counter-cyclically

By Adrian Prendergast

28 October 2020, 12:00 AM

BHP is acquiring an increased stake in Shenzi in Gulf of Mexico for US$505m. Adds 52mmboe of reserve (2P+2C) and ~11kboepd to production. Hess needed to divest the stake to fund development elsewhere, with earnings depressed. BHP is taking advantage of the cycle with an opportunistic value accretive bolt-on acquisition, taking its interest in Shenzi to 72%. We maintain our Hold rating with a revised target price (login to view target price).  Opp...

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