By Adrian Prendergast
20 August 2020, 8:51 AM
Another strong year for BHP, with strong iron ore prices and capital discipline again combining for a healthy result, albeit just short of expectations.
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By Adrian Prendergast
19 August 2020, 10:21 AM
Woodside Petroleum (ASX:WPL) has triggered the pre-emptive option on the sale of partner Cairn Energy's stake in its Senegal interests.
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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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By Adrian Prendergast
14 July 2020, 2:40 PM
In this blog, I review my position ahead of the up coming June quarter result and half year earnings result. We maintain our ADD position, with a revised price target.
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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
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
05 February 2020, 1:51 PM
The Australian dollar gold price is currently trading at record highs. A strong gold price and weak A$ exchange rate equates to record high A$ gold
prices. This positions A$ gold producers extremely favourably.
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