Business
Here’s why the Beach Energy (ASX:BPT) share price is up more than 50% over the past month

The Beach Energy Ltd (ASX: BPT) share price is up 1.07% at the time of writing today to $1.89 a share. That doesn’t sound too impressive on its own, but consider this: Beach shares are now up more than 51% over the past month alone.
In fact, since 2 November, the Beach share price is up an extraordinary 64.3%, making it one of the best performers on the S&P/ASX 200 Index (ASX: XJO) in the month of November.
So what’s going on here to prompt such enthusiastic buying pressure?
Beach shares surf an oil wave
There are only two likely reasons why Beach shares have performed the way they have over the past month or so: higher oil prices and the expectation of even higher oil prices.
Since late October, the price of Brent crude oil…
-
Noosa News23 hours ago
Woman injured after army truck rollover north-west of Brisbane
-
Noosa News22 hours ago
Fire crews battle blaze at two-storey home in Coorparoo
-
Noosa News22 hours ago
Woman rescued from car on Samford Road, Ferny Hills
-
Noosa News22 hours ago
Army vehicle crashes with car at Ferny Hills prompting road closure