Pete Wargent blogspot

Co-founder & CEO of AllenWargent property advisory, offices in Brisbane (Riverside) & Sydney (Martin Place) - clients include hedge funds, resi funds, & private investors.

4 x finance/investment author - 'Get a Financial Grip: a simple plan for financial freedom’ (2012) rated Top 10 finance books by Money Magazine & Dymocks.

"Unfortunately so much commentary is self-serving or sensationalist. Pete Wargent shines through with his clear, sober & dispassionate analysis of the housing market, which is so valuable. Pete drills into the facts & unlocks the details that others gloss over in their rush to get a headline. On housing Pete is a must read, must follow - he is one of the better property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.

"Pete Wargent is one of Australia's brightest financial minds - a must-follow for articulate, accurate & in-depth analysis." - David Scutt, Business Insider, leading Australian market analyst.

"I've been investing for over 40 years & read nearly every investment book ever written yet I still learned new concepts in his books. Pete Wargent is one of Australia's finest young financial commentators." - Michael Yardney, Australia's leading property expert, Amazon #1 best-selling author.

"The most knowledgeable person on Aussie real estate markets - Pete's work is great, loads of good data and charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, and author of the New York Times bestsellers 'End Game' and 'Code Red'.

"Pete's daily analysis is unputdownable" - Dr. Chris Caton, Chief Economist, BT Financial.

Invest in Sydney/Brisbane property markets, or for media/public speaking requests, email pete@allenwargent.com

Tuesday, 22 October 2013

BHP production surges

BHP Billiton production is ramping up, just as for Rio Tinto. The trend for 2014 is declining capital expenditure and increasing production. SMH:

"Global miner BHP Billiton's third-quarter output of iron ore surged 23 per cent year-on-year to 48.8 million tonnes, while other key products reported strong growth too.

Petroleum product output rose 2 per cent year on year to 62.7 million barrels of oil equivalent, the miner said in a release this morning.

Output of coking coal rose by 14 per cent year-on-year to 10.2 million tonnes as steaming coal output rose a more modest 3 per cent to 19.6 million tonnes.

Copper production rose by 6 per cent to 403,300 tonnes.

BHP said the ongoing optimisation of production systems in the Pilbara region of Western Australia has helped it to raise forecast 2014 production of iron ore to 212 million tonnes."