By Max Vickerson
18 April 2021, 4:30 PM
Origin Energy (ORG) has announced an 8% drop in its guidance for FY21 Energy Markets EBITDA due to increased gas prices and ongoing electricity weakness.
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By Max Vickerson
18 April 2021, 9:00 AM
Genex Power (GNX) is raising $115m in new equity to be ready to reach financial close on the Kidston Hydro project without needing a JV Partner.
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By Max Vickerson
30 March 2021, 3:20 PM
AGL is investigating splitting into separate retail and generation focused businesses.
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By Steve Sassine
29 March 2021, 11:50 AM
SOL released its 1H21 result, which highlighted the earnings cyclicality of some of its core businesses (eg NHC, Round Oak). The result overall was broadly positive. Hold maintained.
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By Adrian Prendergast
10 December 2020, 3:00 PM
We have added Santos (ASX:STO) to Morgans Best Ideas for December 2020. Morgans Senior Analyst Adrian Prendergast explains more.
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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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By Adrian Prendergast
22 September 2020, 9:25 AM
We see the oil & gas sector as a Covid-exit trade that has so far been overlooked. Given market jitters around energy, we expect a broad sector re-rating to trail some other key Covid trades. This has left us favouring those oil & gas players with defendable (low risk) earnings platforms and healthy balance sheets.
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By Max Vickerson
21 September 2020, 8:50 AM
The government is looking to extend the heads of agreement with LNG producers designed to increase gas supply to the domestic market.
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By Adrian Prendergast
30 July 2020, 9:00 AM
1H20 result was ahead of consensus estimates, with ongoing iron ore strength helping Rio Tinto (ASX:RIO) to plug a gap left by lower aluminium and copper prices. We downgrade to a Hold rating on recent share price strength, while still considering RIO a core holding for a wide group of investor types.
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By Adrian Prendergast
21 July 2020, 10:38 AM
A good first half from Rio Tinto (ASX:RIO) overall, with solid volumes vs soft metal prices. Iron ore makes up 80% of EBITDA, but won't always be this strong. Does RIO use the opportunity to change its business?
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