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