AUSTRALASIA

The unexpected challenge of too much cash

IT’S been a long time since anyone suggested that oil and gas producers have more money than they know what to do with, but that is <i>Slugcatcher</i>’s understanding of a question asked last week of Beach Energy by a leading investment bank: “How to spend the cash?”

Slugcatcher
The unexpected challenge of too much cash

Morgan Stanley was the questioner in a research report which noted how Beach continued to improve its balance sheet after posting a better-than-expected underlying profit of $88.7 million.   Everything...

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