BPT
Director Trades
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Company News
Gina Rinehart puts oil and gas back in the investment frame
Follow the money is always good advice, as is invest like the rich, so when you combine money and an unfashionable investment by an ultra-rich person such as iron ore billionaire Gina Rinehart, you could be on a winner, even if it’s in the politically incorrect business of oil and gas. Always prepared to back […]
Strike Energy might be the next target in WA’s billionaire gas game
The battle of the billionaires for control of Warrego Energy (ASX: WGO) in Western Australia’s gas-rich North Perth Basin is heading towards a showdown but the war is likely to continue because Warrego might not be the main game. A second and bigger battle could follow with Strike Energy (ASX: STX), one of the current […]
Australian billionaires are investing in energy
Invest like the rich is advice, which nearly always works, because most rich people have a knack for growing their fortunes – something small investors can learn from the latest financial adventures of three mining billionaires. Amassing a collective fortune of more than $65 billion, Gina Rinehart, Andrew Forrest and Chris Ellison have generated the […]
BHP fights English legal proceedings, APA bins gas pipeline plans and Nearmap takeover approved
BHP Group’s (ASX: BHP) share price lifted on Monday as iron ore prices continued to surge, with the mining giant also announcing it will continue to defend the English legal proceedings relating to the deadly 2015 Fundao dam collapse in Brazil. The catastrophic Fundao dam collapse back in 2015 saw large amounts of toxic mine […]
Cochlear rejects ACCC’s concerns over Oticon Medical acquisition, Santos loses Barossa offshore drilling appeal and Beach Energy submits counterproposal
Australia’s competition watchdog, the Australian Competition and Consumer Commission (ACCC) declared it has “significant preliminary competition concerns” regarding Cochlear’s (ASX: COH) proposed $170 million acquisition of Oticon Medical. Cochlear and Oticon Medical manufacture and distribute non-surgical bone conduction devices, surgical bone anchored devices, and cochlear implant hearing devices. The ACCC released a statement fearing the […]
Australia’s major banks settle class actions, Core Lithium’s shares surge and AGL board defeated
Three of Australia’s major banks have announced the settlement of separate class action lawsuits totalling $126 million with compensation and class action law firm Slater and Gordon. Slater and Gordon first took the banks to court two years ago over the sale of credit insurance products. The law firm filed the suits against the Commonwealth […]
Beach Energy nabs Warrego Energy in $250 million takeover
Beach Energy (ASX: BPT) has come out the winner in a takeover battle with fellow gas player Strike Energy (ASX: STX) by luring Warrego Energy (ASX: WGO) with a $246 million offer. Beach, the bigger of the two bidders, today announced it has inked a scheme implementation deed to acquire all of Warrego’s issued shares […]
Beach Energy to supply LNG to BP, Imugene trials show ‘positive signals’ and ANZ extends $200m funding program
Beach Energy (ASX: BPT) will sell 3.75 million tonnes of its LNG under a sale and purchase agreement (SPA) executed this week with oil and gas giant BP’s subsidiary BP Singapore. The Australian oil and gas company made the announcement Monday – saying it has agreed to sell 3.75Mt of LNG to BP, which brings […]
Uranium and gas big winners from Europe’s energy backflip
Uranium and natural gas are coming in from the cold with potentially profound implications for investors. Despite being two of the most efficient sources of relatively low pollution energy, both uranium and gas have been treated as enemies of the environment – putting them off limits to some fund managers. The reality of energy-starved Europe, […]
Worley awarded Santos contract, severe weather impacts Costa Group harvest, and Beach Energy completes Otway program
Santos (ASX: STO) has awarded Worley (ASX: WOR) a professional services contract to help guide its Bayu-Undan carbon capture and storage (CCS) project. Worley will provide front-end engineering and design (FEED) services for the offshore Bayu-Undan CCS project, which is located in the Timor Sea. It is expected up to 10 million tonnes of carbon […]