BPT - Beach Energy

[nunthewiser]

FWIW

i have entered BPT at 75.5 TODAY as a support bounce trade . it fits my criteria of a low % loss on MY stopout point .

i could be wrong and get stopped out but on MY personal view and watching of the action today its heading for a bounce from here

this is NOT a love affair , merely a 3 letter tradestock

 

[Whiskers]

Why would you have an interest in a dog like this?

Pardon the pun, but coming from a 'dog' lover, that's gotta be saying something (with emphasis) about your feelings for BPT. I concur. It has caused me some grief in the past.

Btw, I don't hold any oil stocks atm. I just think oil has come back up too high to be sustainable in the longer term, what with all the prospects of carbon taxes, it may have just resusated the alternative fuel industry again.

 

[Julia]

Pardon the pun, but coming from a 'dog' lover, that's gotta be saying something (with emphasis) about your feelings for BPT. I concur. It has caused me some grief in the past.

Btw, I don't hold any oil stocks atm. I just think oil has come back up too high to be sustainable in the longer term, what with all the prospects of carbon taxes, it may have just resusated the alternative fuel industry again.

Gidday Whiskers: until you pointed it out, I didn't connect the cliche I used to real dogs.

I don't have any interest in this stock at all, just happened to be doing a quick flick through some of the stock threads and vaguely thought 'well, it's no wonder so many people lose money if they're into stuff like this when there are great companies out there performing well with a SP to match".

 

[Nero64]

I wouldn't exactly call this company a dog.

It is one of the top 5 oil producers with a good balance sheet. It is running a sustainable profitable business.

People's perception of it is not great hence the low share price. The selling of the CSG assets hurt it and a lot of its interests are overseas which people don't care for.

If people want to invest in it then I don't see the need to criticise or judge. It's more sound and safer than many listed ASX 300 companies.

 

[oldblue]

As an investment, BPT has been anything but "safe and sound" of recent times, as I'm sure that those shareholders who subscribed to the cash issue last year at $1.43, and are now down about 50% on that little exercise, would heartily agree!

 

[Julia]

I wouldn't exactly call this company a dog.

It is one of the top 5 oil producers with a good balance sheet. It is running a sustainable profitable business.

People's perception of it is not great hence the low share price. The selling of the CSG assets hurt it and a lot of its interests are overseas which people don't care for.

If people want to invest in it then I don't see the need to criticise or judge. It's more sound and safer than many listed ASX 300 companies.

Nero, most people invest in companies in order to make money.
Hard to see that an investment in this company is achieving that.
You can have the nicest fundamentals in the world but if the market doesn't like the company for whatever reason, you are not going to make money.

There are undoubtedly worse companies out there, but my point was that there are many better ones, that's all. Don't feel hurt!

 

[motorway]

Do not hold

But always an interesting stock

It is always doing well
brokers like it

Has EPS & DIV

Second tier
area people expect to find opportunity

But THAT TREND


STILL it should be on a watch list I think

When popular opinion is nearly unanimous, contrary thinking tends to be most profitable. The reason is that once the crowd takes a position, it creates a short- term, self- fulfilling prophecy.

But when a change occurs, everyone seems to change his mind at once.

The Crowd, Gustave Le Bon

Now which is which ?

The trend as seen in the chart or the bullish rationale that is often seen expressed...

That trend is really congesting atm


motorway

 

[swm79]

trend is horrible... this is just the three month chart, but longer term you see exactly the same..... down down down.

it is a very strange one this one. i have held previously.

oddly enough the volume spike in Sept is the largest EVER

It has a div in Dec but 1% yeild at CURRENT price - wouldnt have liked to have bought in any higher!

RSI signalling buy and it MAY rise from the ashes soon, but we'll need to see some MACD changes

 

[nunthewiser]

It has a div in Dec but 1% yeild at CURRENT price - wouldnt have liked to have bought in any higher!

it goes EX dividend on the 26/10/09 at 1 cent ........

i hold as a trade only ,entry 75.5 as stated here........ not hit stops yet so happy to hold

have a nice day

 

[oldblue]

Yes, Beach has become a share that people love to hate but to be fair, the yield is a bit better than 1%. Even excluding the recent special dividend I think it's running at about 2.4%.

I wouldn't worry about the SP running away (up). There's over a billion shares on issue now so any strength will attract plenty of sellers I would think, giving plenty of time for anyone wanting to get set on an uptrend.

 

[Tysonboss1]

You can have the nicest fundamentals in the world but if the market doesn't like the company for whatever reason, you are not going to make money.

BPT is defiantly not a dog,

The market won't ignore the fundamentals forever,

I only hold a small parcel of BPT ($26,000), I won't bet on speedy capital gains but I think BPT will perform well, It's just a matter of time.

 

[Nero64]

There are undoubtedly worse companies out there, but my point was that there are many better ones, that's all. Don't feel hurt!

I sold my shares in BPT the last time it got to 87c for a break even. I knew the market had lost interest when it did the deal with Arrow.

I still have it on my watchlist though. It's virtually debt free and I like oil and gas. However you have to respect the market and I wouldn't buy in at this stage.

Maybe not a dog. A better term would be an underperforming snail.

 

[nunthewiser]

All depends on when one buys the stock i reckon ......... BPT not been under performing for me as yet ...... fundamentally its far from a dog

i suppose its all about timing really but i wouldn't still have been holding it from 1.43 or so ...i hold it now at 75.5 with an extra parcel at 73.5 stoploss at a clearing on volume at 71..whole different ball game in my book

yes it may have underperformed the market of late but that does not necessarily mean it will continue to do so .......

just my 2 cents

 

[nunthewiser]

This thread been quiet since it bounced ...... any thoughts ? anyone trading it ? anyone buying for long term ?

 

[Alex O'Grady]

nunthewiser ... I have bought in as a longer term investor ... I can't exactly identify a specific reason other than BPT is producing, making money, not debit ridden and I think in the next few years energy producing stocks are going to flourish as we have a thirst esp: for petroleum. Alternative energies will be popular and slower become more normalised - but I think we are still a fair bit away from that.

 

[nunthewiser]

nunthewiser ... I have bought in as a longer term investor ... I can't exactly identify a specific reason other than BPT is producing, making money, not debit ridden and I think in the next few years energy producing stocks are going to flourish as we have a thirst esp: for petroleum. Alternative energies will be popular and slower become more normalised - but I think we are still a fair bit away from that.

Fair enough . I am only trading it at present BUT i personally think this little oiler runs rings around a lot of the more loved overhyped oilers out there with a similar market cap on a fundamental basis.

Once it breaks out of this longer term sideways channel i think we will see this little co get a major firework up its derriere but in saying that , who knows how long it will track sideways for ........... more active investors might not view this as there cup of tea ........ I love long term sideways channels

Good luck with it and personally think on a FUNDAMENTAL basis you have invested in a solid little company

 

[oldblue]

Why all this talk about "little company"?

The Beach has one billion and sixty-six million shares on issue! - and no doubt more to come from reinvestment of the final dividend, payable, finally in December. We'll need a big increase in future profits to make any impact across that giant number.

Which may account for the SP's tendency to trade in a tight channel.

 

[Tysonboss1]

Why all this talk about "little company"?

The Beach has one billion and sixty-six million shares on issue! - and no doubt more to come from reinvestment of the final dividend, payable, finally in December. We'll need a big increase in future profits to make any impact across that giant number.

Which may account for the SP's tendency to trade in a tight channel.

It is little compared to other industry players suchas chevron, BP, shell and woodside.

I don't think the number of shares on issue is as big a factor as you keep mentioning,

 

[Tysonboss1]

Interesting annoucement today in realation to beach partnering with sundance energy, a company that specialises in unconvetional natural gas from shale etc,

 

[pointr]

The simple fact that the BPT 'pie' is cut into so many little bits is a big fundamental issue. By the time any increase in the value of the company is spread across so many shares it doesn't make as much difference as it would with less shares on issue. The fact that they are doing something with unconventional gas is heartening but the US is oversupplied-just look at the current price. I've held BPT for a while now and am in the red, I hope they achieve something from the drill bit in Egypt shortly instead of pouring more dollars into the sand. As a counter to BPT's diverse spread around the world MPO is selling out of projects to concentrate its expertise where the highest potential gains are. As a counter to BPT's gas philosophy MOS is primarily targetting oil in the near future because until east coast LNG projects are running there will be downward pressure on gas prices due to the availability of ramp-up gas from CSG fields. That said I hope BPT's price does start climbing.