sector coverage

Energy research

Energy coverage collects dated research on business quality, return drivers, balance-sheet resilience, and what the market is paying for.

5 editions linked in this hub.

Coverage

  1. Karoon's Bauna-led pop asks if cash flow matters more than decline riskKaroon Energy (ASX:KAR) jumped after its June-quarter update. We test whether Bauna cash flow offsets reserve and decline risk.
  2. Peninsula's guidance withdrawal turns Lance into a flow-rate testPeninsula Energy (ASX:PEN) fell after CY2026 guidance was pulled; the issue is whether Lance has a timing problem or a funding problem.
  3. Paladin's quarterly selloff puts Langer Heinrich's ramp-up before the uranium pricePaladin Energy (ASX:PDN) fell after its June-quarter call notice. We test whether the move fits Langer Heinrich ramp-up risk.
  4. Santos shed its takeover premium just as Barossa and Pikka come onlineSantos (ASX:STO) shed its takeover premium just as Barossa and Pikka come online. We test whether the ~30% production step-up converts to free cash as oil cools.
  5. Woodside has surrendered most of its oil-war spike, leaving the LNG build to set the priceWoodside (ASX:WDS) has given back most of its oil-war price spike, leaving the Scarborough LNG build to set the story — does the growth bill convert to cash?