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BPT - Beach Energy

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Bonk

Joined
17 June 2004
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Euroz Research states today , Myponga-1 success will add 15c to their current valuation of 39c . BPT is currently 28.5c in this depressed market. Myponga-1 is tipped to hold 10mmbbloe.
Also, BPT has currently 37m dollars cash ...for acquisitions?
 
Re: Beach Petroleum  [ BPT ]

Beach is undervalued, just, as is STU, GOG and other junior oilers

They have been sitting on the cash for awhile....it's still unclear what they will do with it.

Cheers,

Aceyducey
 
Re: Beach Petroleum  [ BPT ]

I added Orchard Petroleum (OPL) to my paper portfolio last Friday and it's my star performer so far

GP
 
Re: Beach Petroleum  [ BPT ]

Keep an eye out for the Merlin Petroleum listing. Prospectus will be out next week.

CAVEAT: Note that I am a seed investor in Merlin & have consulted to the company.

However I'd seriously like to know what people think about it.

Cheers,

Aceyducey
 
Re: Beach Petroleum  [ BPT ]

Very interesting stock. I might just buy a few to hold for the next few months.

Thanks for the tip...
 
Bonk wisdom

BPT will now improve as the stock gets back to doing some wells , where people will see by xmaz what its game plan is . Expect a decent dividend out of the blue ........maybe 1.5c
 
Nice Breakout this morning
 

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BEACH PETROLEUM (BPT)

Does anyone know why the stock is on a major downward trend?
 
Re: BPT

ok

So why is it on a downward trend?
 
Re: BPT

As complete guesses

a. Oil is down off its 12 month highs, and the stock is being rated by the market as a producr more than an explorer.
b. In sympathy with the rest of the market pulling back - smaller caps are being hit hardest as investors flock to more defensive stocks
c. Some profit taking may have started it
d. T/As would be holding off buying waiting for more definite signs of reversal
 
Re: BPT

Sold out of this on 21st July for 73.5 cents. Shortly afterwards it went into trading halt and is now suspended.

Is it in receivership?

Cheers,
GP
 
Re: BPT

Trading again this afternoon and dropped from 73.5 cents to 68 cents.

The announcements were about taking an extra stake in some gas fields and a $76.8m capital raising, by way of a placement to institutional and "sophisticated" clients at 64 cents a share.

After announcing a placement at 64 cents, perhaps the market considered 73.5 cents somewhat overpriced

Cheers,
GP
 
Re: BPT

Considered shorts but not enough breakdown volume... maybe tomorrow.
 

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Re: BPT

Kauri said:
Considered shorts but not enough breakdown volume... maybe tomorrow.
Click to expand...

On its way now
 

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Hi,

I hold BPT and recently got credited to my account 1000 BPTOB (Options). Good surprise nevertheless I am not familiar with how to trade them and when I try to view it on my Commsec account BPTOB code is said to be invalid.
Can anyone help me on this ?

Cheers
 
I actually got the answer from Commsec. BTOP option will start trading on the 01/05. By the way this is a great stock
 
Fab said:
I actually got the answer from Commsec. BTOP option will start trading on the 01/05. By the way this is a great stock
Click to expand...

Really? How much are they?
 
Fab said:
BPT closed today at 1.47 up 3.52%
Click to expand...

Earnings and Dividends Forecast (cents per share)
2005 2006 2007 2008
EPS 5.8 10.2 24.6 21.4
DPS 1.5 1.5 1.5 1.5

BMG asset appear to be doing it for them also like AZA

thx

MS
 
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