Beach Energy Sensible to Sell Artisan Natural Gas Find -- Market Talk

Dow Jones
05/26

2314 GMT - Beach Energy's sale of the Artisan natural-gas discovery to Amplitude Energy is a sensible win-win deal, says Macquarie. That's rare in the oil and gas sector. Beach is prioritizing value over volume, Macquarie says. Benefits of the deal to Beach go beyond the A$130 million post-tax deal value. "This transaction allows Beach to divest a capex-intensive asset to a party that can achieve stronger returns," Macquarie says. Capital that would have been allocated to the Otway basin, including drilling the La Bella 2 well, can now be used on acquisitions. Macquarie raises its price target by 13% to A$0.88/share, although it retains an underperform call. Beach ended Monday at A$1.115. (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

May 25, 2026 19:14 ET (23:14 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10