Will the market be able to bounce back on Tuesday? Here are five things to watch:

ASX 200 set to edge higher

The Australian share market looks set for a subdued session on Tuesday following a poor start to the week in the US. According to the latest SPI futures, the ASX 200 is poised to open the day 1 point higher. In late trade on Wall Street, the Dow Jones is up a fraction, but the S&P 500 is down 0.5% and the Nasdaq is 0.9% lower.

Oil prices jump

It could be a good session for ASX 200 energy shares such as Karoon Energy Ltd (ASX: KAR) and Santos Ltd (ASX: STO) after oil prices jumped overnight. According to Bloomberg, the WTI crude oil price is up 4.35% to US$103.96 a barrel and the Brent crude oil price is up 1.25% to US$113.98 a barrel. This leaves oil prices on track to post a record monthly surge.

Shares going ex-dividend

A number of ASX shares are going ex-dividend this morning and could trade lower. This includes Cromwell Property Group (ASX: CMW), GenusPlus Group Ltd (ASX: GNP), Maas Group Holdings Ltd (ASX: MGH), and New Hope Corporation Ltd (ASX: NHC). The latter will be paying its shareholders a 10 cents per share fully franked dividend next month on 20 April.

Gold price edges higher

ASX 200 gold shares Evolution Mining Ltd (ASX: EVN) and Ramelius Resources Ltd (ASX: RMS) could have a relatively positive session on Tuesday after the gold price edged higher overnight. According to CNBC, the gold futures price is up 0.1% to US$4,494.7 an ounce. This was driven by increased demand for safe haven assets.

Strike Energy named as a buy

The team at Bell Potter has named Strike Energy Ltd (ASX: STX) shares as a speculative buy with a 15 cents price target. This implies potential upside of over 40% for investors from current levels. It said: "STX announced that the Western Australian Economic Regulation Authority had finalised its determination for the Benchmark Reserve Capacity Price for the 2028/29 capacity year at $488,500/MW per year which could support revenues of around $42m from the South Erregulla project, before electricity sales."

The post 5 things to watch on the ASX 200 on Tuesday appeared first on The Motley Fool Australia.

But if you thought it was too late to invest in this side of the market, think again.

That's because Bell Potter believes one ASX energy stock could rise 50%.

Which ASX energy stock?

The stock that Bell Potter is recommending to clients with a high tolerance for risk is Strike Energy Ltd (ASX: STX).

It is an onshore Perth Basin gas exploration and development company with material discoveries across three advanced projects. These are the 100% owned Walyering and South Erregulla projects and the West Erregulla project, which is co-owned with Hancock Prospecting.

Bell Potter notes that the company has made an increase to its reserves and contingent resources. It said:

STX has announced updated Reserves, Contingent Resources and Prospective Resources across its West Erregulla and Erregulla Deep projects. At West Erregulla, 2P Reserves have increased 20% to 251PJ (net to STX). At Erregulla Deep, an initial 2C Contingent Resource of 38PJ and 2U Prospective Resource of 117PJ has been booked.

The estimates are independently certified by Houston-based Miller & Lents, Global Oil and Gas Consultants. The update incorporates results from the Erregulla Deep-1 well (September 2024) and a Natta 3D seismic survey acquired in May 2025. This announcement was a potential value catalyst; the modest upgrade is a positive.

Big potential returns

According to the note, the broker has retained its speculative buy rating and 15 cents price target on the ASX energy stock.

Based on its current share price of 9.9 cents, this implies potential upside of just over 50% for investors over the next 12 months.

To put that into context, a $2,000 investment would turn into approximately $3,000 by this time next year if Bell Potter is on the money with its recommendation.

Commenting on its positive view of the stock, the broker said:

STX is leveraged to the Western Australia energy market where electricity and gas prices are expected to remain supportive. Walyering provides supplementary cash flow while the South Erregulla Peaking Gas Power Project is being developed (online 4Q 2026). Potential exploration success (Walyering West, Ocean Hill) remains a value catalyst. While the West Erregulla timing and development scenario remain uncertain, this asset will potentially be a large source of energy supply.

The post This ASX energy stock could rise 50%, says Bell Potter appeared first on The Motley Fool Australia.

Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:

Regis Resources Ltd (ASX: RRL)

The Regis Resources share price is down 9% to $7.00. Investors have been selling this gold miner's shares following a pullback in the gold price. Traders have been selling gold amid concerns that sky-high oil prices could lead to higher inflation and force central banks to hike interest rates. It isn't just Regis Resources shares that are falling today. The S&P/ASX All Ordinaries Gold index is down 4.2% at the time of writing.

Strike Energy Ltd (ASX: STX)

The Strike Energy share price is down 3% to 10.7 cents. This morning, the energy company advised that the Western Australian Economic Regulation Authority (ERA) has finalised its Determination for the Benchmark Reserve Capacity Price (BRCP) for the 2028/29 Capacity Year at $488,500 per MW per annum. While this is a 35% increase on the 2027/28 benchmark of $360,700 per MW per year, it seems that some investors were expecting an even larger increase.

Telix Pharmaceuticals Ltd (ASX: TLX)

The Telix Pharmaceuticals share price is down 3% to $10.96. This is despite the radiopharmaceuticals company revealing that it was optimistic that the resubmission of a new drug application (NDA) for its brain cancer imaging candidate TLX101-Px would be approved by the U.S. Food and Drug Administration (FDA). Telix's chief medical officer, Dr David N. Cade, said: "We appreciate the FDA's recognition of the critical unmet need to improve the diagnosis and management of glioma, particularly in the posttreatment setting. Our resubmission is supported by an extensive and compelling data set – particularly so for an orphan indication. We are grateful to our global clinical collaborators, who share our commitment to ensuring patients in the U.S. can benefit from this important patient management tool."

Virgin Australia Holdings Ltd (ASX: VGN)

The Virgin Australia share price is down 2.5% to $2.66. This may have been driven by concerns that rising oil prices could weigh on the profitability of the airline. Virgin Australia has also been struggling with its flights through to the Middle East with Qatar Airways experiencing consistent cancellations. The company's shares are now down almost 20% since this time last month.

The post Why Regis Resources, Strike Energy, Telix, and Virgin Australia shares are falling today appeared first on The Motley Fool Australia.

Strike is a bit different from many oil and gas companies in that it is currently a gas producer but is also looking to use that gas to put through its power plant once it's finished.

The company said last week that it produced 1.59 petajoules of gas at its Walyering operations during the second quarter, generating $16.6 million in gas sales revenue.

The company was also continuing to drill at Walyering, "with any success at Walyering West-1 representing upside to Strike's current supply and cash flow planning.''

Strike Managing Director Peter Stokes said in the company's ASX release that it continued to execute its plans well across the portfolio.

Material progress was made at the South Erregulla 85 MW Peaking Gas Power Project, which is 72% complete at quarter end and remains on track for its targeted 1 October 2026 completion, supported by a strong safety performance during a sustained period of construction activity. With drilling services secured for Walyering West-1 and key regulatory approvals progressing across the portfolio, Strike enters the next phase of the year well positioned to advance its Perth Basin growth pipeline.

Brokers like what they see

Bell Potter analysts have run the ruler over the recent quarterly, and have a speculative buy rating on the company's shares, with a price target of 15 cents.

As the Bell Potter team said:

Strike is leveraged to the Western Australia energy market where electricity and gas prices are expected to remain supportive. Walyering provides supplementary cash flow while the South Erregulla Peaking Gas Power Project is being developed (online 4Q 2026). Potential exploration success (Walyering West, Ocean Hill) remains a value catalyst. While the West Erregulla timing and development scenario remain uncertain, this asset will potentially be a large source of energy supply.

The Bell Potter team noted that a reserves update for West Erregulla is expected in the current quarter.

They also estimated that the South Erregulla peaking power plant could deliver margins of about $35 to $55 million per year.

Strike Energy shares last traded at 10.5 cents, not far off their 12-month lows of 10 cents.

The shares have traded as high as 23 cents over that period.

Strike was valued at $377.9 million at the close of trade on Wednesday.

The post This junior energy company could deliver close to 50% returns one broker says appeared first on The Motley Fool Australia.

In fact, ASX small-cap shares outperformed the larger players by almost 2.5 times in 2025. 

It's important to remember that not every cheap stock is a bargain buy. 

Many will fizzle out and some will even be delisted from the ASX entirely. 

On the flip side, a select few will continue to grow and eventually become mid-cap or even large-cap stocks.

Here are two ASX small caps that have attractive valuations according to experts. 

Strike Energy Ltd (ASX: STX)

Strike Energy is an onshore Perth Basin gas exploration and development company with material discoveries across three advanced projects: 

• Walyering (100% STX)
•  South Erregulla (100% STX)
• West Erregulla (50% STX)

Walyering is currently producing gas, with sales beginning in late 2023. The West Erregulla joint venture with Hancock Prospecting may reach final investment decision in the second half of 2026, targeting production from 2028. STX also plans to develop a peaking power facility at South Erregulla to commercialise its smaller gas reserves.

According to a report from Bell Potter, there is reason for optimism surrounding this ASX small-cap. 

Last week, Strike Energy reported December 2025 quarterly production at Walyering of 1.59 PJe, above expectations, with an average gas price of $7.36/GJ. 

This generated $16.6 million in sales revenue. The South Erregulla 85 MW peaking gas power project is 72% complete and remains on track to begin operations by 1 October 2026. Planning and approvals for the Walyering West-1 well are progressing, with drilling expected to start in early Q2 2026.

Bell Potter said the company is leveraged to the Western Australia energy market where electricity and gas prices are expected to remain supportive. 

The broker currently has a speculative buy recommendation and $0.15 price target. 

That indicates an upside of 50% from current levels. 

Coronado Global Resources Inc (ASX: CRN)

Coronado Global Resources is a leading international producer of high-quality metallurgical coal, an essential element in the production of steel.

It has had a strong start to 2026, rising almost 10% YTD. 

However recent price targets indicate it can keep climbing. 

Its success has been closely linked to the rebound in metallurgical coal prices.

Last month, Bell Potter updated its price target on this ASX small-cap stock to $0.47 (previously $0.33). 

At the time of writing, Coronado Global Resources shares are hovering around $0.40. 

From current levels, Bell Potter's price target indicates an upside of approximately 17.50%. 

The post 2 ASX small-caps tipped to climb in 2026 appeared first on The Motley Fool Australia.

Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:

Arafura Rare Earths Ltd (ASX: ARU)

The Arafura Rare Earths share price is down 19% to 30.5 cents. This has been driven by news that the rare earths developer has received commitments to raise $475 million via a two-tranche institutional placement at a discount of 28 cents per new share. Arafura's largest shareholder, Hancock Prospecting, has committed ~$125 million to the placement. Arafura's CEO, Darryl Cuzzubbo, said: "The strength of demand received for this capital raising has definitively validated the importance of Arafura's role in a diversified global supply chain. We have progressively delivered a funding solution that will support a final investment decision announcement early next year and see us commence construction of what will be an iconic project for Australia of global significance."

Bank of Queensland Ltd (ASX: BOQ)

The Bank of Queensland share price is down 3% to $6.86. The catalyst for this has been the regional bank's shares going ex-dividend this morning for its latest dividend. Eligible shareholders can now look forward to receiving a fully franked 20 cents per share dividend next month on 21 November.

CSL Ltd (ASX: CSL)

The CSL share price is down 4% to $171.03. This biotechnology giant's shares have come under pressure this week after it downgraded its guidance for FY 2026. This was driven largely by softer than expected demand for influenza vaccines in the United States. For the same reason, the company has also trimmed its FY 2027 and FY 2028 earnings guidance. Morgans thinks it is a buying opportunity. It said: "Although it remains challenging to know when US influenza vaccination rates will stabilise, we believe the risk of a permanently lower base is being over-priced, with Seqirus and Vifor marked down, with even Behring trading below peers and well under its long-term average, which we see as unjustified. We lower FY26-28 net profit forecasts by up to 14.3%, with our PT decreasing to A$249.51 (from A$293.83). BUY."

Strike Energy Ltd (ASX: STX)

The Strike Energy share price is down 2.5% to 11.2 cents. This morning, this energy producer released its first quarter update and revealed an 8% decline in production. Despite this, the company still reported a 3% increase in sales revenue to $18.32 million for the three months.

The post Why Arafura Rare Earths, Bank of Queensland, CSL, and Strike shares are falling today appeared first on The Motley Fool Australia.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling:

Ioneer Ltd (ASX: INR)

The Ioneer share price is down 8% to 16.5 cents. This is despite there being no news out of the US-based lithium developer. However, it is worth noting that the company's shares rocketed higher last week. So, today's decline could have been driven by profit-taking from some investors. Ioneer's shares remain up 18% since this time last week despite today's pullback. The catalyst for this gain appears to have been news that the US government was buying a stake in a fellow US-based lithium company. Investors may believe that Ioneer has potential to get an investment in the future as well.

Metal Powder Works Ltd (ASX: MPW)

The Metal Powder Works share price is down almost 5% to $4.06. This follows the release of the advanced metal powder production technology developer's annual report this morning. That report included consolidated financial statements following the reverse acquisition of Metal Powder Works Inc, which ultimately led to its listing earlier this year. It posted a loss of US$6.2 million.

Rio Tinto Ltd (ASX: RIO)

The Rio Tinto share price is down over 2% to $120.44. This may have been driven by a pullback in the iron ore price. According to Bloomberg, iron ore prices pulled back ahead of a major holiday in China that will see mainland markets close for a week from Wednesday.

Strike Energy Ltd (ASX: STX)

The Strike Energy share price is down 3% to 10.7 cents. This has been driven by the release of the energy company's full year results. Strike Energy posted a 59% increase in revenue to $72.7 million and an 87% jump in underlying EBITDA to $41.6 million. However, due to impairments, it recorded a massive net loss of $157.3 million for FY 2025. This relates to the downward revision in reserves at Walyering. Strike Energy's managing director and CEO, Peter Stokes, was pleased with the year. He said: "FY25 was a pivotal year for Strike. The completion of our Strategic Review has provided a clear roadmap to unlock value across our unique Perth Basin asset base. With production at Walyering delivering cashflows, construction underway at South Erregulla, West Erregulla progressing towards development and significant prospectivity providing a strong potential growth pipeline, Strike is firmly positioned to play a critical role in Western Australia's energy transition."

The post Why Ioneer, Metal Powder Works, Rio Tinto, and Strike Energy shares are falling today appeared first on The Motley Fool Australia.

Since the start of the year, the ASX energy stock has lost 50% of its value.

Is this a buying opportunity for investors? Let's see what analysts at Macquarie Group Ltd (ASX: MQG) are saying about the gas company.

What is the broker saying?

Macquarie highlights that Strike Energy has completed a capital raising, which has seen Carnarvon Energy Ltd (ASX: CVN) increase its stake in the company. Unfortunately, the accompanying share purchase plan (SPP) wasn't overly successful. It said:

Cash injection: STX has now completed its capital raise (we estimate ~ $84m after costs). CVN raises its stake in Strike to 18-19% and already has one board seat (Will Barker). SPP has closed with light participation (11%), as expected, given it was out of the money.

The broker also notes that Carnarvon Energy is arguably getting the better end of the deal. It adds:

Cash is king (CVN had cash): CVN has established exposure to the endgame at West Erregulla/Erregulla Deep with Hancock for its holders; however, STX shareholders do not gain any exposure to Dorado, Pavo, or the significant upside potential in the Bedout basin.

What else?

Outside this, Macquarie points out that the ASX energy stock has downgraded its reserves/resources estimate at Erregula. This has led to the broker reducing its gross production assumptions. It explains:

STX has been re-basing reserves/resources estimates across the portfolio – Walyering 2P gas reserves -55% (STX now needs to drill Walyering West-1 to support) and Ocean Hill contingent resource -41% (upside to MRE if successful). We have preemptively lowered EP469 gross production to 572PJ (was 700PJ) – includes Erregulla Deep – exercising some caution ahead of reserves review (post the Natta 3D seismic across northern area of block).

Should you buy this ASX energy stock?

In light of the above, it may not come as a surprise to learn that Macquarie doesn't see the 50% decline in the Strike Energy share price as a buying opportunity.

According to the note, the broker has resumed coverage on its shares with a neutral rating and 10 cents price target. This implies potential downside of 9% for investors from current levels.

Commenting on its neutral rating, it said:

We are Neutral-rated on the shares following a period of restriction. CVN has established an effective blocking stake and is now integral in any commercial negotiations if Hancock was seeking to fully consolidate the Perth basin Kingia acreage. Power strategy now key for STX.

The post Down 50% this year: Is this ASX energy stock a buy, hold, or sell? appeared first on The Motley Fool Australia.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling:

Appen Ltd (ASX: APX)

The Appen share price is down 11.5% to 97 cents. Investors have been selling this artificial intelligence (AI) data services provider's shares following the release of its second quarter update. Appen reported a 6% year on year decline in revenue to $51.9 million for the quarter. Appen's CEO, Ryan Kolln, commented: "Q2 was a strong quarter for our China business, exiting the quarter with an annualised revenue run-rate over $100 million – a pleasing result and milestone. In addition to the significant revenue growth, the China business achieved underlying EBITDA profitability for both Q1 and Q2. The remainder of our business was impacted by short-term volatility due to the dynamic nature of the US AI market."

Emerald Resources NL (ASX: EMR)

The Emerald Resources share price is down 5% to $3.48. This follows the release of the gold miner's quarterly update. The company revealed quarterly production of 19.1k ounces, which was flat quarter on quarter. Looking ahead, management has downgraded its FY 2026 guidance to a range of 105k ounces to 120k ounces. This is down from 110k ounces to 125k ounces previously.

IGO Ltd (ASX: IGO)

The IGO share price is down over 6% to $4.67. Investors have been selling the battery materials miner's shares following the release of its quarterly update. While it performed reasonably positively during the three months, this was overshadowed by its weak cash flow generation and concerns over the Kwinana refinery. IGO's CEO, Ivan Vella, said: "The Kwinana lithium hydroxide refinery operated well below nameplate capacity in the quarter and did not achieve guided production tonnes for the year. Despite the strong commitment from the team at site to address operational problems and ongoing issues, IGO has low confidence in the ability of this asset to achieve meaningful, sustained improvement."

Strike Energy Ltd (ASX: STX)

The Strike Energy share price is down 6% to 12.2 cents. This morning, this energy producer released its quarterly update and revealed a 1% increase in sales volumes but a 1% decline in sales revenue. Strike Energy's CEO, Peter Stokes, remains positive on the future. He said: "Our integrated gas and power model positions Strike to capture higher-margin opportunities while ensuring energy security for the State. We enter FY26 with strong momentum, a robust balance sheet and a renewed focus on disciplined delivery."

The post Why Appen, Emerald Resources, IGO, and Strike Energy shares are falling today appeared first on The Motley Fool Australia.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling:

Commonwealth Bank of Australia (ASX: CBA)

The Commonwealth Bank of Australia share price is down over 2% to $173.77. Investors have been selling CBA and the rest of the banks this week. It seems that the great rotation out of the big four banks is gathering pace. This appears to be benefiting the big miners and healthcare giant CSL Ltd (ASX: CSL), which are all up strongly on Tuesday.

Inghams Group Ltd (ASX: ING)

The Inghams share price is down over 1.5% to $3.51. The catalyst for this appears to have been a broker note out of Macquarie this morning. According to the note, the broker has downgraded this poultry producer's shares to a neutral rating with a $3.70 price target. It believes its shares have now priced in a potential increase in consumer spending driven by expected rate cuts by the Reserve Bank of Australia.

Praemium Ltd (ASX: PPS)

The Praemium share price is down 9% to 70.7 cents. This follows the release of a fourth quarter update from the investment platform provider this morning. Praemium revealed total funds under administration (FUA) of $64.3 billion. While this is up 12% year on year, this growth rate pales in comparison to those of its ASX listed rivals. Commenting on its performance, Praemium's CEO, Anthony Wamsteker, said: "The June quarter was noteworthy for continuing strong inflows to our recently launched IDPS solution – Spectrum. We are pleased with the sales pipeline and ongoing interest in this product. Spectrum has closed the product gap which we believe was preventing us from achieving the full potential of our high quality technology offering."

Strike Energy Ltd (ASX: STX)

The Strike Energy share price is down almost 16% to 13.5 cents. This morning, this energy producer revealed that Carnarvon Energy Ltd (ASX: CVN) is making a strategic investment. The release reveals that Carnarvon Energy will be issued up to $89 million of fully paid ordinary shares in Strike at an issue price of $0.12 per new share. This is a sizeable discount to its last close price and will give it a shareholding of up to 19.9%.

The post Why CBA, Inghams, Praemium, and Strike Energy shares are tumbling today appeared first on The Motley Fool Australia.

Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:

Bannerman Energy Ltd (ASX: BMN)

The Bannerman Energy share price is down 9% to $3.20. This has been driven by news that the uranium developer has completed an $85 million placement. According to the release, Bannerman Energy has received firm commitments for a placement of approximately 26.6 million shares to new and existing institutional and sophisticated investors at $3.20 per new share. This represents a 9% discount to its last close price. Management notes that the proceeds will support construction activities, infrastructure costs, and general working capital as it advances its flagship Etango Project towards a positive final investment decision.

Life360 Inc (ASX: 360)

The Life360 share price is down 2.5% to $30.62. This is despite there being no news out of the location technology company on Thursday. Though, it is worth highlighting that most ASX tech shares are trading lower today. This has led to the S&P/ASX All Technology Index tumbling 1.2% this afternoon.

Strike Energy Ltd (ASX: STX)

The Strike Energy share price is down almost 3.5% to 14.5 cents. This morning, this energy company announced the results of its strategic review. It revealed that it will refocus its asset portfolio to align to Western Australia's energy transition demands, exit non-core assets, and retain flexibility across gas processing and gas-fired power development pathways to maximise value. Strike Energy's chair, John Poynton, adds: "The Board's strategic review, conducted with independent support, has rigorously assessed Strike's portfolio and charted a clear path to unlock the full potential of our unique asset base."

Xero Ltd (ASX: XRO)

The Xero share price is down almost 5% to $184.98. This has been driven by the completion of the cloud accounting platform provider's institutional placement this morning. Xero has raised $1.85 billion through the placement of approximately 10.5 million shares to sophisticated and institutional investors at $176 per new share. This was a 9.4% discount to its last close price. The proceeds will be used to partly fund Xero's acquisition of Melio. It is a fast-growing payments platform that is designed to help small businesses pay bills and manage accounts payable in the United States.

The post Why Bannerman Energy, Life360, Strike Energy, and Xero shares are tumbling today appeared first on The Motley Fool Australia.

Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:

Brainchip Holdings Ltd (ASX: BRN)

The Brainchip share price is up almost 10% to 40 cents. This is despite there being no news out of the semiconductor company. However, this strong gain is a continuation of a recent uptrend in its share price on the back of no news. In fact, at the end of last week, Brainchip was hit with a speeding ticket because of its gains. The Australian stock exchange operator asked: "Is BRN aware of any information concerning it that has not been announced to the market which, if known by some in the market, could explain the recent trading in its securities?" It simply answered "No". It also gave the same response to the follow up question: "is there any other explanation that BRN may have for the recent trading in its securities?"

Imricor Medical Systems Inc (ASX: IMR)

The Imricor Medical Systems share price is up 9% to $1.28. This morning, this medical device company announced its first order from the Middle East. Imricor's Chair and CEO, Steve Wedan, said: "The Middle East is an exciting market for Imricor where there is a focus on adopting leading healthcare technologies supported by world class physicians. We are looking forward to establishing the first iCMR lab in Qatar and expanding into Saudi Arabia and beyond in 2025." Imricor Medical Systems is a developer of MRI-compatible products for cardiac catheter ablation procedures.

Strike Energy Ltd (ASX: STX)

The Strike Energy share price is up 1% to 20.25 cents. This follows the release of an announcement relating to the logging and evaluation program at the Walyering East-1 exploration well. Management advised that it has been completed with independent petrophysical assessment indicating a potential gas discovery in the Cattamarra Formation. This is subject to retrieving gas samples.

Wildcat Resources Ltd (ASX: WC8)

The Wildcat Resources share price is up 2% to 26.5 cents. This is despite there being no news out of the lithium explorer. However, with its shares down 60% year to date, it seems that some investors believe that a buying opportunity has been created. Wildcat is exploring the Tabba Tabba Lithium Project in Western Australia.

The post Why Brainchip, Imricor, Strike Energy, and Wildcat shares are rising today appeared first on The Motley Fool Australia.

One ASX 300 energy stock that could be a good option for investors with a higher tolerance for risk is Strike Energy Ltd (ASX: STX).

That's the view of analysts at Bell Potter, which are tipping the gas exploration and development company's shares to rocket from current levels.

What is the broker saying about this ASX 300 energy stock?

According to a note released this morning, the broker was pleased to see that Strike Energy has decided to push ahead with the South Erregulla Peaking Gas Power Station.

This new development is on budget and now expected to generate higher revenues than previously forecast. Commenting on the new development, the broker said:

STX has announced a positive Final Investment Decision for its South Erregulla Peaking Gas Power Station (100% STX). The 85MW facility is budgeted to cost $137m (previously guided to $120-160m) and will be funded from STX's $217m debt finance facility and existing free cash flow (Walyering).

STX now estimate the project to generate annual revenue of $50-55m (previously guided to $40-50m), has a pre-tax NPV of $250m and an IRR of 27%. The power station will be supplied by STX's South Erregulla field at a rate of around 2PJpa (from 82PJ 2P Reserves & 2C Resources). STX expect to commission the plant before October 2026.

Big return potential

In response to the news, the broker has reaffirmed its speculative buy rating and 29 cents price target on the ASX 300 energy stock.

Based on its current share price of 20.5 cents, this implies potential upside of 41% for investors over the next 12 months.

Bell Potter likes the company due to its exposure to the Western Australia energy market, which is expected to experience supply deficits for the remainder of the decade. It said:

Cash flows from the producing Walyering field support STX's growth via the potential SE power facility and West Erregulla (50% STX) gas developments. These projects are all linked to the Western Australia energy market, where gas and electricity prices have recently strengthened, and supply deficits are expected over the rest of the decade. Our heavily risked valuation of $0.29/sh (unchanged) supports a Speculative Buy recommendation.

All in all, this could make the ASX 300 energy stock a good option for high risk investors that are looking for big returns and exposure to the energy sector right now.

The post Buy this ASX 300 energy stock now for a 40% return appeared first on The Motley Fool Australia.

Shares in the oil and gas explorer are currently fetching 22.5 cents apiece, up nearly 8% from the open.

Investors are buying the stock after the company announced production test results at its Erregulla Deep-1 well, which were favourable.

This brings the ASX All Ords share's gains to more than 3% in the past month. Let's take a closer look at today's update.

ASX All Ords share rallies on update

Strike Energy's latest announcement revealed impressive production testing results at the Kingia Sandstone gas discovery within the Erregulla Deep-1 well.

The well recorded stabilised flow rates of 53 million standard cubic feet per day with a high flowing wellhead pressure of 5,515 psi.

Results were limited by the capacity of Strike's surface equipment, suggesting the well could achieve even higher flow rates.

The company estimates an absolute open flow potential of up to 450 million standard cubic feet per day.

The gas quality comes with "lower CO2 and other impurities compared to the West Erregulla gas field". STX's excitement was palpable in its update to the market:

Due to ED-1 being able to be retained as a future producer for the upcoming West Erregulla gas field development, testing rates were kept within a pre-agreed conservative range in order to guarantee integrity of the well infrastructure and to manage the test safely.

However, an absolute open flow (AOF) calculation indicates that the well could produce at a maximum rate of 400- 450 mmscfd demonstrating the scale and quality of the reservoir and pressure regime.

Time will tell the longer-term impact on the ASX All Ords share.

Production trends continue

The ASX All Ords share has been building momentum in the past few months, and its success isn't just in the ground.

The company has already generated $64 million in gross sales from its Walyering gas field, achieving payback on the project earlier this year.

JPMorgan acquired a 5.11% stake in the company shortly after the update.

But the rally in the ASX All Ords share comes amidst broader strength in the ASX energy sector.

Rising crude oil prices have buoyed the market, with geopolitical tensions in the Middle East pushing prices higher.

Although Strike focuses on gas versus oil, the two are often commingled under the energy banner.

Foolish takeaway

Strike Energy's promising production results at Erregulla Deep-1 have put the company in the spotlight. Investors are buying the ASX All Ords share hand over fist today.

The post ASX All Ords share soaring 8% on 'one of the best' gas finds appeared first on The Motley Fool Australia.

Four ASX shares that are rising more than most today are listed below. Here's why they are climbing:

Amotiv Ltd (ASX: AOV)

The Amotiv share price is up 10% to $11.00. This morning, this automotive products company, formerly known as GUD Holdings, announced an on-market buyback of up to ~7 million shares at its annual general meeting. This represents approximately 5% of its outstanding share capital. It said: "The Board believes that a share buy-back of this amount represents the best use of that capital and strikes the right balance of delivering sustainable returns to shareholders without compromising the Company's strong capital position or its ability to continue investing in growth."

Bellevue Gold Ltd (ASX: BGL)

The Bellevue Gold share price is up over 6% to $1.57. Investors have been buying this gold miner's shares following the release of its quarterly update. It reported gold production of 35,993 ounces and gold sold of 39,405 ounces. This was achieved with an average realised gold price of A$3,420 per ounce and a project all-in sustaining cost (AISC) of A$1,892 per ounce. Management also revealed that it believes it is on track to ramp up to 200,000 ounces per annum by the fourth quarter of FY 2025. After which, it is targeting 250,000 ounces per annum by 2028.

Core Lithium Ltd (ASX: CXO)

The Core Lithium share price is up 9.5% to 11.5 cents. This has been driven by the release of an update on the lithium miner's gold exploration activities. Management advised that additional high-grade gold assay results have been received from drilling at the 100%-owned Shoobridge Project in the Northern Territory. The company believes the results continue to support the deposit model of high-grade gold zones existing within a broad envelope of low-grade mineralisation. Core Lithium's CEO, Paul Brown, feels that the "early successes enhance the project's prospectivity and provide a clear pathway for continued exploration."

Strike Energy Ltd (ASX: STX)

The Strike Energy share price is up 8% to 22.7 cents. This morning, this oil and gas company reported exceptional production testing results of the Kingia Sandstone gas discovery at Erregulla Deep-1. Management notes that it achieved strong flow rates and one of the highest flowing pressures ever measured in the basin.

The post Why Amotiv, Bellevue Gold, Core Lithium, and Strike Energy shares are racing higher appeared first on The Motley Fool Australia.

In morning trade, the energy giant's shares are up 3% to $26.81.

Why are Woodside shares surging on Friday?

Investors have been bidding the company's shares higher this morning after oil prices rose strongly overnight.

According to Bloomberg, the WTI crude oil price is up 5.2% to US$73.78 a barrel and the Brent crude oil price is up 5.1% to US$77.65 a barrel.

It isn't just Woodside shares that are rising today. The whole energy sector is lifting on the news. Here's the state of play at the time of writing:

• Beach Energy Ltd (ASX: BPT) shares are up 3.5% to $1.30.
• Karoon Energy Ltd (ASX: KAR) shares are up 5% to $1.69.
• Santos Ltd (ASX: STO) shares are up 2% to $7.31.
• Strike Energy Ltd (ASX: STX) shares are up 2.5% to 21.5 cents.

This has led to the S&P/ASX 200 Energy index rising 1.6% in morning trade.

Why did the oil price jump?

Crude oil prices charged higher overnight amid fears that Israel could strike Iran's oil industry in retaliation for ballistic missile attacks earlier this week. This marked the third consecutive session of gains for oil.

Though, it is worth noting that not everyone believes that this will have a lasting impact on oil prices.

According to CNBC, Rystad Energy's chief economist, Claudio Galimberti, believes that OPEC+ has plenty of spare crude oil to fill the void if Iranian supplies are hit. He said:

This spare capacity is for now preventing runaway prices amid one of the deepest and most pervasive crises in the Middle East in the past four decades.

Bjarne Schieldrop, chief commodities analyst at Swedish bank SEB, agrees that OPEC+ spare capacity would be sufficient to cover any disruption to Iran's exports.

However, Schieldrop also points out that disruptions in the Strait of Hormuz could pose significant risks. This strait is one of the most important trade routes for oil in the world. Schieldrop notes that disruption here "would add a significant risk premium to oil."

In fact, the chief commodities analyst believes that oil prices could surge to US$200 per barrel if Israel hits Iran's oil infrastructure.

Should you invest?

Analysts at Morgans see a lot of value in Woodside shares at current levels.

The broker recently put an add rating and $33.00 price target on them. And this valuation does not take into account recent events in the Middle East.

The post Why are Woodside and ASX energy stocks surging today? appeared first on The Motley Fool Australia.

Novonix Ltd (ASX: NVX), PYC Therapeutics Ltd (ASX: PYC), and Strike Energy Ltd (ASX: STX) have all surged by more than 12%.

Despite no price-sensitive announcements from any of these companies today, several updates might explain some of the buying activity.

Let's take a closer look.

ASX All Ords shares rally

Novonix has jumped by more than 15% today and is currently trading at 64 cents per share.

The ASX All Ords share is also up more than 17% over the past week after hitting lows of 52 cents apiece on September 23.

Shares in the battery technology company have been heavily sold, and the company's FY24 results added to the pressure.

Revenues slumped by 30%, leading to a net loss of nearly $30 million, with the company burning through $26 million of cash for the year.

Novonix also presented its investment case, long-term outlook and current financial position at the H.C. Wainwright 26th Annual Global Investment Conference earlier this month.

Here, it covered the entire value proposition for investing in the company, providing details on its battery technology.

This may or may not have stirred up some buying activity in the ASX All Ords share.

PYC shares jump

PYC Therapeutics shares have climbed nearly 13% and now trade at 17.5 cents at the time of writing.

This extends gains over the past month to an eye-watering 59% after the company received approval to commence trials on its drug candidate in August for the potential treatment of a rare, irreversible eye disorder.

The ASX All Ords share popped since then and has since raced to new 52-week highs today.

Meanwhile, the company presented at the E&P Healthcare Conference today. Whilst not price-sensitive in any way, it appears the market is still responding positively to the information shared at the event.

PYC Therapeutics has been developing therapies targeting genetic eye diseases. Investors attending today's conference were treated to the latest in the company's trial data, clinical programs, and future plans.

The biotech stock is up 185% in the past year.

Strike Energy lifts higher

Strike Energy shares caught a bid on Monday following the company's update on its Walyering gas field.

The trend has continued into this current session. The ASX All Ords share is up 12.5% on the day to fetch 22.5 cents per share at the time of writing.

Strike also announced it has already generated $64 million in gross sales revenue from Walyering, achieving payback on the project earlier this year.

Some of the recent buying may be put down to institutional investors putting money to work.

JPMorgan has become a substantial holder in Strike. As of September 20, JPMorgan filings show the banking giant holds a 5.11% voting power in Strike, representing 146.4 million ordinary shares.

ASX All Ords shares takeaway

Investors are buying these ASX All Ords shares en masse today, driving double-digit returns. While there's nothing price-sensitive to mention, investors still have plenty to consider with each.

Meanwhile, the S&P/ASX 200 index (ASX: XJO) is up 0.85% at the time of writing.

The post 3 ASX All Ords shares rocketing over 12% on Thursday appeared first on The Motley Fool Australia.

Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:

Select Harvests Ltd (ASX: SHV)

The Select Harvests share price is down 18% to $3.70. This has been driven by the almond producer completing its fully underwritten institutional placement and the institutional component of the fully underwritten entitlement offer. Select Harvests raised approximately $61.7 million at a 15.5% discount of $3.80 per new share. Combined with its retail offering, a total of $80 million is being raised from investors. The proceeds will be used primarily for the repayment of debt and provision of facility headroom, as well as capital investment to increase processing capacity.

Strike Energy Ltd (ASX: STX)

The Strike Energy share price is down 9% to 20 cents. This morning, this energy producer released an update on the operations and its reserves and resources review at the Walyering gas field in L23. It notes that over the past year, Strike has produced ~7 PJe from the Walyering gas field, generating $64 million in gross sales revenue and achieving payback in May of this year. However, offsetting this news is a downward revision to 2P Reserves, which is driven primarily by changes in the assumptions of gas in place.

Webjet Ltd (ASX: WEB)

The Webjet share price is down 11% to $7.32. This has been driven by the demerger of the travel company's business-to-consumer (B2C) businesses this morning. Webjet's B2C businesses, which comprise the Webjet OTA and GoSee businesses, have been spun off into a separate listing – Webjet Group Limited (ASX: WJL). It is currently trading at 80 cents. Following the demerger, Webjet Ltd is being renamed WEB Travel Group. It will be home to WebBeds, which is its global business to business (B2B) travel distribution business.

Woolworths Group Ltd (ASX: WOW)

The Woolworths share price is down 3% to $33.98. Investors have been selling the supermarket giant's shares on Monday after the ACCC took it and rival Coles Group Ltd (ASX: COL) to court. The competition regulator alleges that Coles and Woolworths breached the Australian Consumer Law by misleading consumers through discount pricing claims on hundreds of common supermarket products.

The post Why Select Harvests, Strike Energy, Webjet, and Woolworths shares are sinking today appeared first on The Motley Fool Australia.

The broker currently has a neutral rating on Woodside but has just reiterated its buy rating on its smaller rival.

Let's see what the broker is saying about this energy producer.

Time to buy this ASX 200 energy share

Goldman Sachs highlights that the West Australian Government has released an update to the state's domestic gas policy. This will allow up to 20% of gas production from new onshore projects to be exported as LNG up to the end of 2030.

Goldman believes the update will primarily benefit Strike Energy, enabling access to higher gas prices for pre-FID projects West Erregulla and Ocean Hill.

According to the note, in response, the broker has retained its buy rating on the ASX 200 energy share with an improved price target of 28 cents.

Based on its current share price of 22 cents, this implies potential upside of 27% for investors over the next 12 months.

Why is it bullish on Strike Energy?

There are three key reasons why Goldman thinks investors should be buying this ASX 200 energy share. The first is its attractive valuation. It explains:

Trading at a ~10% discount to our risked NAV, we see long-term value in STX's West Australian gas resources also highlighted by recent acquisitions of Perth Basin explorers and developers over the past year.

Another reason is that the broker believes Strike Energy is now at an earnings and cash flow inflection. It adds:

Now generating cash flow from Walyering, we consider STX lower risk and well positioned to execute an ongoing drilling campaign and development of Perth Basin fields, growing production to ~20 kboe/d over the next 5 years.

A third reason to consider buying the energy producer's shares is the company's potential exploration upside. The broker said:

STX is set to flow test the 139 PJ net 2U prospective resources at Erregulla Deep which we do not include in our base case, with further upside potential across Perth Basin acreage.

But there are some risks to consider. Goldman highlights the following risk factors:

Lower gas prices, lower gas demand driven by higher coal or renewable generation, unsuccessful exploration and appraisal drilling, development schedule delays and cost increases.

However, it appears to believe the risk/reward is favourable at current levels and feels Strike Energy could be a top ASX 200 energy share to buy now.

The post Forget Woodside, Goldman Sachs says this ASX 200 energy share is a buy appeared first on The Motley Fool Australia.

Will the market be able to build on this on Monday? Here are five things to watch:

ASX 200 expected to fall

The Australian share market looks set to fall on Monday following a mixed finish on Wall Street on Friday. According to the latest SPI futures, the ASX 200 is expected to open the day 68 points or 0.8% lower. In the United States, the Dow Jones was up 0.1%, but the S&P 500 was 0.2% lower and the Nasdaq dropped 0.35%.

Oil prices soften

ASX 200 energy shares such as Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) could have a relatively subdued start to the week after oil prices softened on Friday. According to Bloomberg, the WTI crude oil price was down 0.2% to US$71.00 a barrel and the Brent crude oil price was down 0.5% to US$74.49 a barrel. This couldn't stop oil prices from finishing higher for the week.

Buy Arcadium Lithium shares

The team at Bell Potter thinks that Arcadium Lithium (ASX: LTM) shares are undervalued at current levels. According to the note, the broker has responded to the lithium miner's investor day update by retaining its buy rating with a trimmed price target of $6.25. It said: "The company's lithium market analysis points to demand growing from 1.2Mtpa LCE in 2024 to 2.3Mtpa LCE by 2027 and 3.5Mtpa by 2030, a 21% CAGR. The supply outlook, even including aggressive production growth from China and Africa, sees market deficits of 0.3Mtpa by 2027 and 0.7Mtpa by 2030."

Gold price jumps

It could be a good start to the week for ASX 200 gold shares such as Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) after the gold price stormed higher on Friday. According to CNBC, the gold futures price was up 1.2% to US$2,646 an ounce. The gold price hit a new record high in response to last week's rate cut in the United States.

Buy Strike Energy shares

Goldman Sachs says that Strike Energy Ltd (ASX: STX) shares are in the buy zone right now. It has retained its buy rating on the energy producer's shares with an improved price target of 28 cents. The broker commented: "Trading at a ~10% discount to our risked NAV, we see long-term value in STX's West Australian gas resources also highlighted by recent acquisitions of Perth Basin explorers and developers over the past year."

The post 5 things to watch on the ASX 200 on Monday appeared first on The Motley Fool Australia.