Concierge gives you timely BUY and SELL alerts on ASX-listed stocks
ASX Top 200 Stocks Down Under 4 July 2022: Beach Energy (ASX:BPT)
Beach Energy: Benefiting from gas shortages on Australia’s East Coast
This edition marks the third time we have covered Beach Energy (ASX: BPT), the first two occasions being 16 August 2021 and 14 March 2022. Since 14 March, Beach is up 2%, a figure that may not appear impressive being even lower than inflation. However, it is ahead of the ASX 200’s 6% decline during the same timeframe and roughly in line with the ASX 200 Energy Index. This alone might be enough to consider it a safe haven in a difficult year for markets. But we think the real catalyst for Beach’s growth is the gas shortage on Australia’s East Coast, and that it is well-placed to capitalise.
Click here to read the previous edition of ASX Top 200 Stocks Down Under published 27 June 2022