What are your thoughts regarding Beach Energy, Woodside & Deterra Royalties?

What are your thoughts regarding Beach Energy, Woodside & Deterra Royalties

A: I wrote about Deterera Royalties (DTR) the other week. It earns a royalty over BHP’s Mining Area C in the Pilbara. Around $4.40, I thought it was a ‘buy”. Here is a link to the story:  https://switzerreport.com.au/a-stock-with-a-forecast-5-franked-yield/

Woodside (WPL) is a little trickier. The brokers think the deal with BHP is a winner. The problem though is that there will be more script on issue and potentially more ESG selling. I am also not sure how they achieve synergies of US$400m. Also, the investment decision on Scarborough is still outstanding. At least they now have a CEO!

According to FN Arena, the brokers see 35.4% upside – a target price of $27.48 compared to a last ASX price of $20.29.

A hold/long term buy for portfolios. For punters, I am not sure that it has bottomed.


Read Answer