$BPT:ASX - BEACH ENERGY - Breakout

Beach energy has had a very strong run over the last week up around 20% over the last 5 days - possibly too strong and may be over extended - but it is at a good breakout area. If it had been more gradual I would probably jump in, but with the rapid upswing over the last couple of days I'd be feeling a bit more cautious. This is a billion dollar company with impressive financials. Worth a watch.

Beach Energy Limited is engaged in oil and gas exploration, development and production and investment in the resources industry. The Company is engaged in the business of exploration, development and production of hydrocarbons. The Company's segments include Cooper Basin, Other Australia and International. The Cooper Basin segment includes oil and gas sales from Australian production. The Other Australia segment includes the Company's interest in all on-shore and off-shore production and exploration tenements within Australia other than the Cooper Basin. The International operating segment includes its interests in all areas outside Australia. The Company is engaged in the sale of gas and liquid hydrocarbons. Its Cooper Basin includes Western Flank oil and gas operations. The Company holds gas sales contracts spread across energy retailers and industrial users in Australia.

Market Capitalization $4.898B
EBITDA (TTM) $1.358B
Gross Profit (FY) $870.3M
Total Revenue (FY) $2.078B
Free Cash Flow (TTM) $510.2M

Demand: 429 buyers for 2,520,125 units vs 342 sellers for 2,406,437 units

Beach Energy Limited is engaged in oil and gas exploration, development and production and investment in the resources industry. The Company is engaged in the business of exploration, development and production of hydrocarbons. The Company's segments include Cooper Basin, Other Australia and International. The Cooper Basin segment includes oil and gas sales from Australian production. The Other Australia segment includes the Company's interest in all on-shore and off-shore production and exploration tenements within Australia other than the Cooper Basin. The International operating segment includes its interests in all areas outside Australia. The Company is engaged in the sale of gas and liquid hydrocarbons. Its Cooper Basin includes Western Flank oil and gas operations. The Company holds gas sales contracts spread across energy retailers and industrial users in Australia.