I picked it in 2020. Its earning lots of cash, I don't think its a cash cow that will be hunted down as there are lots of shares, hopefully it will buy some successful company, fields or prospects, and or shell out some dividends. As @So_Cynical suggests maybe even a share buy back is possible.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.
I picked it in 2020. Its earning lots of cash, I don't think its a cash cow that will be hunted down as there are lots of shares, hopefully it will buy some successful company, fields or prospects, and or shell out some dividends. As @So_Cynical suggests maybe even a share buy back is possible.
Beach is now $2.80. It has never been this high (in latest growth incarnation)
I like itObservers suggest the fact Waitsia has sold little or no gas into the domestic market is a sign that it is holding all its capacity for a monster deal with the North West Shelf.
If a deal did transpire it could hit domestic gas prices, as the market seems to have pegged Waitsia gas to be sold locally rather than internationally. This could lead to a re-rating of players in the Perth Basin, especially those with volumes that supply Pilbara-based LNG producers
and of course the others likely to benefit are Strike SRK and Warrego WGO:I was punting on a few stocks that I thought may do well from the East Coast gas shortage that was a theme from more than a year ago. Those penny punts didn't work out well...
It looks like it's one of the big Oil/Gas plays that may actually be able to benefit from that Gas shortage going into the future...
the market seems to have pegged Waitsia gas to be sold locally rather than internationally. This could lead to a re-rating of players in the Perth Basin..
*and STX for Strike would work even betterand of course the others likely to benefit are Strike SRK and Warrego WGO
Ascending triangle pattern was broken during the week but managed a mini recovery.
Still on watch list but not as bullish now.
View attachment 100058
Bought some today. Looking at WPL too.
I probably should have waited to see if it falls to the $1.90 area and then bought.
Didn't really get what you mean @rnr so I just read around a little and I think you may be talking about Elliot wave theory. (Apologies if that is a statement from the 'bleeding obvious' or conversely 'way off rails'). From the little I read it appears I may have bought a little early and I certainly hope wave 3 was THE big one in this case, and not wave 5. So I probably should have waited to see if it falls to the $1.90 area and then bought. I did also see something about the ABC waves. I hope A and C are big upwards mumma's.
Am I sort of on track?
Thanks for the chart.
Hi Skate. I already hold BPT with a fair profit even at todays price. I like the gas/oil game, grew up with it. I offloaded several poor and stagnant performers and wanted to hold it an a stock I am more comfortable with, and BPT has retraced a fair bit recently. I wanted to simplify my holdings.@jbocker would you care to explain the motivation for the buy?
Clearly I am not a chartist and my comment was a interpretation stab after a LITTLE research of what rnr chart was showing us (me).@jbocker would you care to explain the motivation for the buy?
Hmmm....
Reminder to myself
Buying good companies at the wrong time can be detrimental to my wealth.
Skate.
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