BPT - Beach Energy

[oldblue]

Warren buffett recommends that investors who are willing to dedicate time and effort to their investing need not hold more than 6 companies and 50% should be in their favourite

That's probably ok for Warren Buffett.

The problem is that a lot of us mere mortals don't have have the skills of a WB!

I'm happier with 15-20 stocks - and BPT doesn't figure there at present.

 

[Tysonboss1]

I'm happier with 15-20 stocks - and BPT doesn't figure there at present.

would an index fund be easier to manage for you. it would probably have similar returns.

 

[oldblue]

would an index fund be easier to manage for you. it would probably have similar returns.

I don't think so. I've been doing this for about 40 years now and I like to make my own mistakes!



And recent profits from IGR and BTU in excess of 100% in a matter of months give me some confidence.

Cheers

 

[So_Cynical]

Is everyone asleep at the wheel here? Beach has started drilling into a massive shale deposit in the Cooper basin looking to be the first (i think) Aussie energy company to find commercial quantity's of shale gas in Australia.

in today big time at 0.67

Out today for a lousy 8.25% profit on a day when BPT put on 15% intra day and finished up 10% for the close on the one hand im lucky i moved my sell up to 0.73 from 0.72 the other day but so pissed of i missed a bigger profit, easy money.

And what's with the big move up today on a nothing announcement :dunno: i mean its not like its anything the market didn't know, it was already a massive shale deposit and its still a massive deposit...except now its just a little thicker.

Anyway ill live in hope for a triple bottom so i can buy more at under 0.65 so i can build my free carry and long term exposure to this great company.

http://bpt.irmau.com/IRM/Company/Sh...D=66581333&PageName=Shale Gas Drilling update

 

[gordon2007]

This one has been catching my attention a lot lately. I mentioned a while ago about 'shale' and this one is ticking all my boxes so far. Not that this makes a difference but I live right near their coporate office, would be very easy to keep a watch on them.

Cyn...how long did you hold them for?

 

[So_Cynical]

Cyn...how long did you hold them for?

Held for about 60 days...pissed off cos i told myself to just forget this position and just treat it as my 1 high risk commodity stock, and yet i really needed to sell something and recycle my capital, i really though BPT had some potential to range between the low 60's and low 70's and could see myself doing a quick out and back in. :dunno: and still sort knew it was gona spike up at some point in time.

 

[Tysonboss1]

Held for about 60 days...pissed off cos i told myself to just forget this position and just treat it as my 1 high risk commodity stock, and yet i really needed to sell something and recycle my capital, i really though BPT had some potential to range between the low 60's and low 70's and could see myself doing a quick out and back in. :dunno: and still sort knew it was gona spike up at some point in time.

I think you will have a chance to buy back in. Shale gas production is still a while off. I hold this company. So I believe in the whole shale gas story. But it's going to take time for the market to recognize it. I think it will be two steps forward and one step back for some time. Esspecially because I think there is going to be a short term glut in the gas market till we get some decent LNG capacity on line

 

[Miner]

I think you will have a chance to buy back in. Shale gas production is still a while off. I hold this company. So I believe in the whole shale gas story. But it's going to take time for the market to recognize it. I think it will be two steps forward and one step back for some time. Esspecially because I think there is going to be a short term glut in the gas market till we get some decent LNG capacity on line

I believe today's spike is generated from buy signal by one newsletter and the good ASX announcement by BPT.
I am a bit doubtful on that newsletter (subscribers of the newsletter know which one I am referring to)is just creating hype (IMO) to compensate some of their wrong calls on short sell verdict for a month.
DYOr - do not hold BPT

 

[So_Cynical]

I believe today's spike is generated from buy signal by one newsletter and the good ASX announcement by BPT.
I am a bit doubtful on that newsletter (subscribers of the newsletter know which one I am referring to)is just creating hype (IMO)

I could care less about a newsletter but the "thickness" announcement really wasn't much...Beach was expecting a intersection of 60 meters and it turned out to be 200 meters, and if they bang another hole down 2 or 3 kms away it mite only be 40 meters thick then were back to where we started 6 months ago.

They knew the shale was there and they knew there was hundreds of millions of tonnes of it...and after the announcement there's still hundreds of millions of tonnes of it.

 

[Tysonboss1]

After doing some reasearch over the weekend I have realised that this stock is better value than I first thought. It's net assets are $1.28 / share, Based on this figure last years cash flow only = 9.6% (bad weather had an effect on cashflow).

If I discount the value of the assets to bring the return up to 12.5% then that values each share at $0.96, seems like a bit of a bargin. especially if you believe earnings and net assets are going to be heading up as trading conditions strengthen and shale gas it prooved up.

 

[Greedy_Kev]

Anyway ill live in hope for a triple bottom so i can buy more at under 0.65 so i can build my free carry and long term exposure to this great company.

hehe same here , i just sold a portion a large of BPT, i think its a great company but, i think the market is going to be shaky next year with a lot of trouble coming out of Europe, which i think is in more trouble than US.

 

[GumbyLearner]

hehe same here , i just sold a portion a large of BPT, i think its a great company but, i think the market is going to be shaky next year with a lot of trouble coming out of Europe, which i think is in more trouble than US.

I see a broad based recovery in LNG, LPG and Oil producers in 2011. But I don't rate BPT.

 

[Trader Paul]

Hi folks,

BPT ... will be looking for a strong close to finish the coming week,
as a positive time cycle comes into play, around 23-24122010 .....

have a great day

paul



=====

 

[Trader Paul]

Hi folks,

BPT ... will be looking for a strong close to finish the coming week,
as a positive time cycle comes into play, around 23-24122010 .....

have a great day

paul



=====

Hi folks,

BPT ... as expected, it is ticking up nicely, coming into week's end ...

have a great Christmas all

paul



=====

 

[teabagger]

Is it time to resurect this thread as the oil price is going north? Surley something has been happening at the beach.

 

[oldblue]

Is it time to resurect this thread as the oil price is going north? Surley something has been happening at the beach.

The interim result should be out within a day or so - last year's was on 24 February.

I'd expect lower production due to flooding; lower profits; optimistic talk about shale gas, geothermal and Tanzania; no mention of Egypt, Sudan, Albania.

 

[So_Cynical]

(8th-October-2010) Is everyone asleep at the wheel here? Beach has started drilling into a massive shale deposit in the Cooper basin looking to be the first (i think) Aussie energy company to find commercial quantity's of shale gas in Australia.

in today big time at 0.67

BPT up around 5% today on the back of the Holdfast -1 Shale Gas results announced by Adelaide energy....The Roseneath shale intersection encountered by the 2 wells is over 350 meters thick and the 2 wells are over 15 clicks apart, and that lady's and gentlemen equally one **** load of shale.

Now the waiting game for the gas results from the core samples begins...BPT traded above $1 today for the first time since Nov 2008, and if the core sample results are any good the SP may well take off, serious blue sky stuff IMO.

Blue sky potential because Beach expected the shale to be 150 meters thick and estimated 200 Tcf, we now know its more than double that at over 350 meters thick so potential for 400 > 500 Tcf and that would make this deposit perhaps 10 times the size of Gorgon....10 times!

And it was just Tyson and i that could see the potential :dunno: just goes to show that the market and well i suppose its participants can and do get it wrong, BPT traded for a day or 2 at under 60 cents just 6 months ago. the market may be forward looking, factoring in stuff, but sometimes the market behaves like some sort of duffus village idiot...or like someone with too much money with a hole in their pocket just walking along oblivious to what's happening.


http://www.beachenergy.com.au/IRM/C...D=66581333&PageName=Shale Gas Drilling update

http://www.asx.com.au/asxpdf/20110405/pdf/41xvsz7t2wh3k5.pdf
~

 

[Not Rene]

I hope you are right cause I bought these as a short term trade over 2 years ago and would like to move out of my crappy apartment into a villa before i retire

 

[teabagger]

I hope you are right cause I bought these as a short term trade over 2 years ago and would like to move out of my crappy apartment into a villa before i retire

Surley you made some at $1.10. Two year short term, hope your young. I'm looking to get back in at <.95

 

[Garpal Gumnut]

BPT up around 5% today on the back of the Holdfast -1 Shale Gas results announced by Adelaide energy....The Roseneath shale intersection encountered by the 2 wells is over 350 meters thick and the 2 wells are over 15 clicks apart, and that lady's and gentlemen equally one **** load of shale.

Now the waiting game for the gas results from the core samples begins...BPT traded above $1 today for the first time since Nov 2008, and if the core sample results are any good the SP may well take off, serious blue sky stuff IMO.

Blue sky potential because Beach expected the shale to be 150 meters thick and estimated 200 Tcf, we now know its more than double that at over 350 meters thick so potential for 400 > 500 Tcf and that would make this deposit perhaps 10 times the size of Gorgon....10 times!

And it was just Tyson and i that could see the potential :dunno: just goes to show that the market and well i suppose its participants can and do get it wrong, BPT traded for a day or 2 at under 60 cents just 6 months ago. the market may be forward looking, factoring in stuff, but sometimes the market behaves like some sort of duffus village idiot...or like someone with too much money with a hole in their pocket just walking along oblivious to what's happening.


http://www.beachenergy.com.au/IRM/C...D=66581333&PageName=Shale Gas Drilling update

http://www.asx.com.au/asxpdf/20110405/pdf/41xvsz7t2wh3k5.pdf
~

I must admit I missed this one, a good example of chart watching for profit sc

gg