Beach Energy Ltd
BPT: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$1.30 | Xbjy | Dwnpdzfdq |
Oil Is Down Due to Saudis, Not Fundamentals, and Will Recover; Value on Offer Across the Board
The failure of the OPEC coalition to reach agreement on production cuts on March 6 has sent oil prices into a tailspin, with Brent crude dropping into the low USD 30s in early trading before landing in the mid USD 30s. That's the biggest single-day loss in almost 20 years, essentially wiping out all gains since the 2016 low.