BPT - Beach Energy

[greggles]

ASF 2019 Competition My top pick.
Counting on Price of Oil Recovery as a catalyst. They have a focus on debt reduction. Good Profits (dependence on POO increase). Increased number of hubs. 2018 a transformative year, hoping to see what for in 2019.

Nice pick. BPT is heading north nicely on increasing volume. The week long uptrend is still intact. $1.75 might present some problems as it has had some difficulty getting through that level in the past, but at least its heading in the right direction at last.

 

[jbocker]

Nice pick. BPT is heading north nicely on increasing volume. The week long uptrend is still intact. $1.75 might present some problems as it has had some difficulty getting through that level in the past, but at least its heading in the right direction at last.

View attachment 91258

Good so far but volatility is a characteristic we see in everything about oil. I reckon they are positioned well to benefit with higher prices. I was thinking to top up some more if it fell through 1.25. Being patient for now.

 

[barney]

Good so far but volatility is a characteristic we see in everything about oil. I reckon they are positioned well to benefit with higher prices. I was thinking to top up some more if it fell through 1.25. Being patient for now.

A lot of Oilers Charts have a similar positive steady move up at the moment so it looks a good medium term pick JB

 

[Miner]

A lot of Oilers Charts have a similar positive steady move up at the moment so it looks a good medium term pick JB

Hello Folks
With a reasonable good heads up from BPT only end of January , today alongwith other oilers , it has slipped through considerably lower. The financial report is going to be released on 13th Feb. Per Barney's definition is the chart pretty scary ?
Is there something market got leaked and just not a seasonal effect as in others case?

 

[Miner]

BT published its annual result today.
What an insane performance - almost double the profit BUT with 1 c dividend.
But once again M/s Market only rewarded with a small gain in stock price. Must have been expecting this result some how.

 

[jbocker]

BT published its annual result today.
What an insane performance - almost double the profit BUT with 1 c dividend.
But once again M/s Market only rewarded with a small gain in stock price. Must have been expecting this result some how.
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Great news. Well ahead of their 5 year plan and planning to be debt free at end of year.
Wonder what the dividends might start to look like when they say they are looking to pay more to shareholders in the future. They are focussed on the debt reduction for now. If they become a cash box they might get looked at by a bigger fish?

 

[Clansman]

This will get smashed on Monday and for some time after although at some stage this year it will present a significant buying opportunity. Determining when will offer significant rewards.

 

[Miner]

This will get smashed on Monday and for some time after although at some stage this year it will present a significant buying opportunity. Determining when will offer significant rewards.

@Clansman
Would you consider some back of your thoughts on big smash on Monday.
Personally it was emotional for me to exit from BPT holding from when it is going mostly south. But I always thought it is a good stock also when I sell then stick prices go up

 

[So_Cynical]

POO fell 5% in US trade yesterday/today, meanwhile Iran is getting the blame for sabotage done to Tankers of the UAE coast, and anti Syrian forces (US) have sunk/damaged 3 oil tankers off the Syrian coast.

 

[Clansman]

@Clansman
Would you consider some back of your thoughts on big smash on Monday.
Personally it was emotional for me to exit from BPT holding from when it is going mostly south. But I always thought it is a good stock also when I sell then stick prices go up

Will be interesting to see if Seven Group come in with another stake in the $1.60s?
My bet is it will be allowed to drift significantly lower.

 

[jbocker]

Debt Free! Two years ahead of initial expectations.
August 19 results will be quite positive me thinks. Suggestions in their announcement indicate they have exceeded expectations.
https://www.asx.com.au/asxpdf/20190724/pdf/446v0f3bc07fg7.pdf

 

[So_Cynical]

Debt Free! Two years ahead of initial expectations.
August 19 results will be quite positive me thinks.

Debt free and annual revenues of around 2B i reckon a share buy back could be on the cards, over the years they have issued a lot of shares, time to reverse the process, BPT will morph into a Jnr Woodside over the next few years.

 

[rnr]

BPT is also sitting just below the ATH of $2.27

 

[barney]

Hit a high today of $2.29 Currently $2.27

Just noting BPT Ex dividend date is tomorrow 29/08/2019

 

[So_Cynical]

Good ann today - Beharra Springs Deep-1 well conventional gas discovery, a 36 metre column in the Kingia Sandstone, this is the same formation that hosts
the Waitsia gas field just a few kilometers north, supposedly the largest onshore conventional gas field discovered in Australia in the last 40 years.

https://yourir.info/resources/0c5a4...87/BPT_Beharra_Springs_Deep_gas_discovery.pdf

Beach just keeps kicking goals, a real growth stock.

 

[jbocker]

I picked this in the 2020 competition (and win the $1000 prizemoney)

Debt free (ahead of schedule) Earnings will allow maybe some good acquisitions and or dividends in time. I believe it is growing in stature. Done ok for me in 2019 comp, so sticking with it.

 

[Dona Ferentes]

double top, Sept and Dec. And likely more downside than upside for 2020?

 

[aus_trader]

Has big bold ambitions to grow it's oil/gas reserves. Plugging back most of it's profits back into the business and holding off the dividends in the process.

Junior mining days are well behind but not backing off the growth trajectory and becoming an income stock since there is plenty of room to increase dividend. Is PBT aiming to be the next Woodside ?

 

[jbocker]

BPT punches through its 12 month high. Up 10c+ earlier today.

 

[aus_trader]

BPT punches through its 12 month high. Up 10c+ earlier today.

Looking Good JB. We both had this winner in CY2019 competition didn't we ?

I also had BPT as one of the possible candidates for the CY2020 competition out of around 10 possible picks. Then I crossed out the companies that were below 10c and the large cap billion+ companies including BPT to leave me with 4 small caps. Starting to think whether crossing out BPT was such a good idea ?

Good thing that I have bought some BPT shares for the Speculative Stock Portfolio, as I expect another growth year for BPT as long as Oil prices hold up this year.