BPT - Beach Energy

[Fab]

BPT in trading halt today Watch out what will happen next ???

 

[jollyfrog]

They have Invested in GOG! 19.9 o/o of the company to be precise I guess Beach can see the potential!

 

[Fab]

What is GOG ?

 

[Victor H]

GREAT ARTESIAN OIL & GAS LIMITED (GOG)

http://www.asx.com.au/asx/research/...chBy=asxCode&allinfo=on&asxCode=BPT#headlines

 

[Fab]

I can not see this stock going back to the $1 mark anymore that is the price I paid 1 year ago. I am planning to buy more very soon but probably more around the 1.30 if it gets there. Price of petrol and possible takeover target make me very very interested in this little gem

 

[michael_selway]

I can not see this stock going back to the $1 mark anymore that is the price I paid 1 year ago. I am planning to buy more very soon but probably more around the 1.30 if it gets there. Price of petrol and possible takeover target make me very very interested in this little gem

is BPT better or AZA u think

AZA - Earnings and Dividends Forecast (cents per share)
2005 2006 2007 2008
EPS -5.2 23.7 29.8 22.7
DPS -- 0.0 0.0 0.0

BPT - Earnings and Dividends Forecast (cents per share)
2005 2006 2007 2008
EPS 5.8 10.6 33.9 24.5
DPS 1.5 1.5 1.5 1.5

thx

MS

 

[Sean K]

BPTs price has appreciated more in the past year, plus they have a better name.

:bowser:

 

[Fab]

Another question about BPT . How come BOT is worth $1.75 where what I consider similar type of oil company such as ROC oil or TAP are worth up to $4. Does that mean BPT might follow the same trend in the future or are there any reason to explain this share price difference ?

 

[Sean K]

Beach coming off highs atm and approaching support level at about $1.60. Currently $1.64. Should see a bounce off this, pending Mid East etc and POI.

 

[Ko Ko]

Just read an article in the fin review today regarding this stock. I am confused as to why this stock is only around 1.60 when ROC and TAP oil are around 4 dollars with roughly around 900 million in market capatilisation.

 

[Sean K]

Must be shares on issue ko ko. Don't have the numbers but that's my suspiscion.

 

[Ko Ko]

Thanks for the reply Kennas.
Do you think ROC and TAP oil have issued much less shares than Beach?
Ill try ad have a look and compare the general purpose financial statements of both and have an answer

 

[Sean K]

BPT hitting support at $1.60 as expected. Should find suport here to continue it's next up leg. Or, is looking at $1.45.....

Long term steady rising oil and gas player, who is probably more a predator atm than prey for consolidation in the sector.

(Long term holder)

 

[Sean K]

Well, wasn't at $1.60 for long after another great ann on their Basker Manta JV with Anzon. Another 33% increase in the reserves. They've got so many JVs and partnerships going they seem to come out with more good news every week.

 

[CanOz]

Good to see them coming off support, now if only TAP would reverse.

 

[Fab]

Trading halt today. Hopefully this will take them to new high

 

[Sean K]

Interesting. But they've come off the past week or so. No one else went in halt with them. Capital raising?

 

[dubiousinfo]

Beach in line to bid for Delhi
Nigel Wilson, Energy writer
August 31, 2006
THERE is mounting speculation Beach Petroleum will emerge as a counter-bidder for Delhi Petroleum once an independent analyst's report being prepared by KMPG is released publicly.
KPMG's report will form part of the scheme booklet accompanying the proposed $474 million sale of Delhi Petroleum to Santos by Westpac Funds Management, to be lodged with the Australian Securities and Investments Commission within days.

Westpac Funds Management has flagged that there is another bidder for Delhi, and Beach has confirmed that while it has expressed interest, there is no formal offer.

The Australian understands Beach's position could change after extensive discussions involving chief executive Reg Nelson and financial and legal advisers.

Mr Nelson has declined to comment on Beach's progress in evaluating Delhi's prospects.

Analysts remained convinced yesterday that a Beach offer would most likely involve a purchase of Delhi assets, rather than Beach securing management control of the company.

They said that if Beach became a member of the Cooper Basin joint venture it risked losing its independence from Santos, and would also be exposed to the Santos timetable for the Cooper oil project, a Santos-driven plan to spend up to $1 billion on a huge drilling program to identify more oil reserves.

Under Mr Nelson, Beach has been solidly independent of Santos, even though its oil production is sold to Santos

Maybe something to do with this rumour

 

[Sean K]

Maybe something to do with this rumour

I actually hope not. The market didn't like it last time, it's not going to like it now.

 

[Fab]

Thanks for the update anyway. Time will tell if BPT will shoot up