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 Slugcatcher’s understanding of a question asked last week of Beach Energy by a leading investment bank: “How to spend the cash?”

The unexpected challenge of too much cash The unexpected challenge of too much cash The unexpected challenge of too much cash The unexpected challenge of too much cash 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.