Slugcatcher calls time on Beach 

NO Australian oil company has benefited more from the oil price recovery than Beach Energy but if a common view of investment banks is correct then Slugcatcher suspects a local hero is poised for a fall.

Slugcatcher calls time on Beach  Slugcatcher calls time on Beach  Slugcatcher calls time on Beach  Slugcatcher calls time on Beach  Slugcatcher calls time on Beach 

Analysts divided but it might be time for a price recalibration for Beach

The consensus valuation of six banks which analyse Beach is that the stock is overpriced by a few cents, but the problem with calculating an average of price forecasts is that the result fails to reflect the extreme views, and in the case of Beach the views are quite extreme.
 
At its latest price of $1.64 Beach is 3c higher than the consensus valuation of $1.61, a modest gap which is hardly news to write home about, let alone write a column for Energy News. 
 
But, Beach is a lot more interesting than a 3c price difference, not least because it is the oil project of Australian media and industrial equipment billionaire, Kerry Stokes, who is keen to develop a third leg for his empire which already features a television ...