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Must be good news today with a 80 point drop bpt is up or so 3%. Lets see what the future brings and fingers crossed.
BPT - Beach Energy
- Thread starter Bonk
- Start date
With those no published today and results up ...with great profits...I bought today at $1.24.....also years ago about 2 years they reduced their shares at 10 to 1 so I decided at reading their balance sheet its time to rebuy....happy and holding....took a while to get through their news but looking good....read it and DYOR...financials to June2007....and 2008 looking even bigger
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Hi folks,
BPT ... looking for a HUGE rally, between 21122007 and 31122007,
then more positive news, 25-28012008 .....
..... must go, more later.
happy days
paul
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I am a little cautious on Oilers at the moment.
The Oil price goes to $50 a barrel again and majority of oil stocks are going to tank.
Very unpredictable. I have a theory that the Iraq's and Arab Emirates love moving the price of oil around they are the ones that can make bucket loads of cash as they control the flow thus determining the price?
So if it gets to high, they can slam it down....
I have no doubt its corrupt to some extent.
The Oil price goes to $50 a barrel again and majority of oil stocks are going to tank.
Very unpredictable. I have a theory that the Iraq's and Arab Emirates love moving the price of oil around they are the ones that can make bucket loads of cash as they control the flow thus determining the price?
So if it gets to high, they can slam it down....
I have no doubt its corrupt to some extent.
Ken, for once I do not agree with you....the US is trying to controll the oil price..BUT....the CHINESE are DRIVING motor cars...and getting OFF THEIR BIKES...that means...DEMAND is up...so your $50 a barrel,,,,,We can all dream...its more likely to go to a $100 a barrel...CHINESE are NOT getting back on their bikes...just been to Singapore...and if you seen what I have than you would understand...more like $100 a barrel of oil....the Chinese are driving the latest Mercedes,BMW and Rolls Royce cars...in Singapore...and there seems to be No let up...in China...with a population of 1.4 billion people say only 1/4 would drive a car...work it out the usage of oil needed...is hugh...now where would you get such a supply...work it out...your $50 a barrel is a pipe dream....only if the whole world economy would collapse...than perhaps....in the meantime we have INFLATION...thanks to Uncle SAM....ready to pounce in a big way...soon a $1million will be the norm for everyone...the US will soon reduce intrest rates...the market is swinging for that...see the dow....and the inflation spiral starts again...there is NO way of stopping it..so get used to it...as $50 per barrel..niece one....
20million shares traded today....BPT in the ASX200....funds are buying...BPT now 4th largest producer in Australia....and results are proving it...see their report...must read if wanting to invest....I hold....growthstock.....Reg Nelson the CEO said...many new wells going to be drilled and nodoubt will become productive...see Surat basin....also in NZ will be involved....see their profit result and sales...really starting to motor.....looks as if BPT has finaly cracked the big league....see their production.....I like the CEO had a hard time to start with but seems to have it sussed...
24million shares traded.....looking the part....rose 9cents.....so what price for these.....on other boards saying more like $2 now...look at that $500MILLION SAles of oil.....Reg is now in the big league...not bad for a company which was rearected.....I am holding
Could you fellows post something constructive about BPT.....the price of oil is controlled by supply and demand as far as going back to $50.....as I said before...NO WAY HOSAY...why...explain why you think it will go to $50...You cant..can you...I expained why it will rise....everyday more petrol is needed to run the transports...so OIL will not be down...as far as the arabs mucking around with the price....the arabs will sell at the highest price the market can afford to pay....and BPT are now Australians 4th largest producer...now that is hugh for a company everyone thought was out the back door....what a great result for BPT...better to come...24million shares traded...funds are buying up large....
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Chicken my micro-economics teacher told me that OPEC controls the output of oil thus controlling the price. If they cut output the price will rise and vise versa. I think the oil industry has a bright future because of constant growing demand. Remember that nearly everything in modern life is oil based.
Opec will sell at a price the market can afford...with inflation showing its head..that I am sure of your quotes are all up the chute and with BPT increasing production....Deutsche Bank is buying up large and their finance Dept..knows what they are doing....OIL is a product..which is in high demand...that you know....see Cue report...BPT just bought their bass straight field....BPT is Aussies 4th largest producer..and Reg their CEO..of 10years standing seems to have pushed BPT now into the big league...see the SP rise a lot further than present price..I bought at $1.25....this one should be on your radar screene......Also, I remember Osh not so long ago at 47cents....why did I not stay with them...I will not make the same mistake...I am holding
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Opec will sell at a price the market can afford...with inflation showing its head..that I am sure of your quotes are all up the chute and with BPT increasing production....Deutsche Bank is buying up large and their finance Dept..knows what they are doing....OIL is a product..which is in high demand...that you know....see Cue report...BPT just bought their bass straight field....BPT is Aussies 4th largest producer..and Reg their CEO..of 10years standing seems to have pushed BPT now into the big league...see the SP rise a lot further than present price..I bought at $1.25....this one should be on your radar screene......Also, I remember Osh not so long ago at 47cents....why did I not stay with them...I will not make the same mistake...I am holding
Yeah I have big hopes that BPT will be the next OSH and then WPL(dreaming). I bough a few years ago at $.45 or so plus a hand full of options purchases. Fingers crossed for the future
Hi Dutchy, I thought I might share this P&F chart with You...
BPT still is in a long term uptrend
With a very large zone where price has been adjusting to the higher price levels.
In this zone there has been distributive and accumulative phases.
Here is some of the more recent activity and My opinion of it..
The zone in the oval is strong accumulation ..
The secondary test of the zone was a shakeout..
The rally from that "shakeout" is strong..
with the activity in the circle is holding the gains
as demand absorbs supply...
numerous upside "implications" are activated...
Accumulation carries with it the implication of higher prices
Distribution carries with it the implication of lower prices
P&F is a way of putting a number to that implication..
Which allows for the ranking of opportunities..
And the measuring of relative performance..
BPT has been in an active trading range...
Where price seems to be not advancing
The fluctuations are a form of "work"...
While Price seems not to be doing anything
The " real fundamentals" ARE ( They are unfolding and becoming clearer to someone ) and the work on the chart is building technical positions..
Phases of accumulation... carry with them implications..
the Counts on the P&F chart are an objective measure of those implications.
They are NOT predictions
But tests that are either passed, failed or exceeded....
There have been "three pushes" to the bottom of this range
( Only the two recent ones are visible on the chart )
BPT's immediate , intermediate and long term trends are all UP.
In My opinion..
motorway
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Plenty positive about Beach at the moment; Heaps of drill action...& production...Quietly racking up the discoveries....drilling success rate ~ 70%! Cooper Basin very productive but BPT expect to find more there...see SMH article 10/10/07.
First target in NZ (AWE lead) should be intercepted today. Success at this early stage would be very positive as they are talking big prospective reservoirs offshore NZ....
First target in NZ (AWE lead) should be intercepted today. Success at this early stage would be very positive as they are talking big prospective reservoirs offshore NZ....
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BPT in pre-open, please have some more oil...... I wonder if the news will come through Comsec before the stock comes out of Pre-Open, I'm usually sitting here being the last to see the news
Just tidied up the counts
Interesting ( stepping stone matches the earlier accumulation zone )
( small counts the log box size has little significant variation form a linear box size )
still holding the gains.. That is Important..
I reckon a lot are looking left and expecting the same action as last time at these levels
Bar Chart then displayed a clear upthrust
So far this action looks different
sure there is selling pressure ( resistance) but it is still being absorbed
and I would not call the little upthrust very significant.
What looks like absorption is much more so.
I expect it to still move higher
or if mkt throws in a reaction , that it will be well supported
and a good buy point
I would not expect to see the bottom of the range again anytime soon
still.... That is only what I am anticipating and positioning for..
Nothing certain
After Absorption ?
motorway
Interesting ( stepping stone matches the earlier accumulation zone )
( small counts the log box size has little significant variation form a linear box size )
still holding the gains.. That is Important..
I reckon a lot are looking left and expecting the same action as last time at these levels
Bar Chart then displayed a clear upthrust
So far this action looks different
sure there is selling pressure ( resistance) but it is still being absorbed
and I would not call the little upthrust very significant.
What looks like absorption is much more so.
I expect it to still move higher
or if mkt throws in a reaction , that it will be well supported
and a good buy point
I would not expect to see the bottom of the range again anytime soon
still.... That is only what I am anticipating and positioning for..
Nothing certain
After Absorption ?
motorway
