Beach Energy Ltd

BPT: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$3.80	Mdl	Cbwnwtyl

Oil Is Down Due to Saudis, Not Fundamentals, and Will Recover; Value on Offer Across the Board

Mark Taylor

Mar 10, 2020

The failure of the OPEC coalition to reach agreement on production cuts on March 6 has sent oil prices into a tailspin, with Brent crude dropping into the low USD 30s in early trading before landing in the mid USD 30s. That's the biggest single-day loss in almost 20 years, essentially wiping out all gains since the 2016 low.

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