Beach Energy the ‘Big 3’ winner of oil price rise, and…4DX Medical, too?

When it comes to Australia’s big 3 publicly listed energy companies – Woodside (ASX:WDS), Santos (ASX:STO), and Beach Energy (ASX:BPT) – Beach Energy is by far the clear winner up over +8% heading into the second hour of trade.

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Admittedly that mightn’t be too surprising, from the outset. Beach Energy is by far the smaller of the Big 3 with a market cap of only $2.7B compared to Woodside’s $57B and Santos’s $23.2B.

Still, as at 11.20am AEDT, Beach Energy shares were +8.7% higher to $1.19/sh on the back of some $10.65M worth of share turnover.

That’s well in line with a sectoral breakdown of the ASX on Monday where at the same time, Energy stocks are collectively up +5%. Woodside jumped easily to A$30/sh in premarket bids.

Similarly, a currency hedged Betashares ETF called ‘FUEL” has also seen gains on Monday, which probably tells you everything you need to know

I have already written today how the defence stock Electro Optic Systems (ASX:EOS) is climbing higher after the US and Israeli attacks on Iran over the weekend; and Droneshield (ASX:DRO) is following too.

But if you wanted a surprise winner from all of this, I’ve got one for you.

4D Medical pops too, for some reason

Erstwhile market darling biotech 4D Medical (ASX:4DX) is also up today to the tune of a +7.3% climb to $4.10/sh as at 11.30am AEDT on Monday. Why exactly that is the case remains anybody’s best guess.

Some $14M worth of shares traded hands in 4DX in the first two and a half hours of morning trades; the company does not yet make meaningful revenues but has lung scanning software being trialled by four major US universities including Stanford.

The company does have existing contracts with the US Department of Defence (or Dept of War if you prefer); perhaps there are expectations there of heightened interest in 4DX from the US defence apparatus.

If you know anything more, send me an e-mail.

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