Australian (ASX) Stock Market Forum

BPT - Beach Energy

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Fab said:
It should go up :)
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It already has… unfortunately the day I planned on purchasing my first lot was the day BPT requested a HALT…. I did however purchase some this morning although at 1.63… whilst they are at 1.62 now.
 
oshcomau said:
It already has… unfortunately the day I planned on purchasing my first lot was the day BPT requested a HALT…. I did however purchase some this morning although at 1.63… whilst they are at 1.62 now.
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Hm they are 1.54 now?

thx

MS
 
No kidding... I was one of the first to get in.... obviously that wasn't a good thing. They did hit 1.67 however not for long.
 
Let the market digest the new. This is still a master stroke from a miner oil company to get this deal competing against company such as Santos . I believe this stock will follow the like of TAP oil and other small oil players :)
 
Thanks, I am not stressed… I thought (and still do) believe they are undervalued… that’s why I was willing to pay what I payed. Unfortunately they didn’t gain too much today (still better then most of my stocks today) and heck they could lose a whole heap tomorrow however I hope in the long run my calculations are correct.
 
Follow TAP?? I hope not. It's been moving south for a while now. I read the news in the paper today about BPT and the prospects with them gaining such a large asset looks good. Fingers crossed.
 
TAP is a great buy at the moment as is BPT. With oil predicted to bounce off $60 USD/B, and the winter heating oil season upon us soon these stocks and other oilers may see some healthy growth over the coming months.

Still though there some support levels that must remain intact to remain confident.

Good luck and go BPT!
 
Beach hitting support level and 200d MA, which should see it rise.

Long term the Delhi deal should estab Beach as one of the top oilers in the country and put it in the scope of the major players, if not already.

1 and 2 year chart still looking good even after the wild ride of the past 4 months.

I'm topping up at these levels.

Been holding this long term.
 

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Kennas, what do you see as the upside potential for BPT?
 
CanOz said:
Kennas, what do you see as the upside potential for BPT?
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They have numerous exploration projects and good junior JV partners producing good results by the week. I think price of oil is going to remain high due to the lack of new significant finds and the Middle East/Venezuala issues. I think Iran is going to be a real stumbling block for the international community and they will play the oil card to gain leverage in their nuclear pursuit, at least keeping prices high, if not back to all time highs. Plus, as a rising mid tier producer, will be on the scope of the majors as a takeover potential. Maybe even another mid tier tie up, like OSH, to create quite a large entity. Will also be pushed into one of the ASXs top companies putting it on the radar of index managers.
 
BPT seems to be finding support and bounced off 1.28. Does anyone think this is just the dead cat bounce? Or does it look like its found a solid base? How much lower could this go given that oil prices could fall further in the short term?
I'm am holding but nervously, anyone offer some advice? Kennas? I think i'll put a stop in just under 1.28.
 
Depends on POI and gas I think.

Found some support atm, but maybe it's related to the HDR takeover.

Major support around $1.20 so getting out now might be a little presumtious imo. Still, required POI/Gas to stabilise. I'll buy more if it drops to $1.20.

I've been surprised by the % drop in prices. Was expecting geopolitics and weather to hold the price up much more. Still, these factors are still there and could spike the prices back up again quickly. I don't think the Delhi deal was a short term positive either, although if they get it right, it will be a medium/long term positive.
 

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CanOz said:
BPT seems to be finding support and bounced off 1.28. Does anyone think this is just the dead cat bounce? Or does it look like its found a solid base? How much lower could this go given that oil prices could fall further in the short term?
I'm am holding but nervously, anyone offer some advice? Kennas? I think i'll put a stop in just under 1.28.
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I've seen further short term bearish reports on POI today, makes me nervous.

I've got a big risk tolerance and have equity spread over quite a few classes, so can take some pain in one area in the short term, for what I think are long term prospects. This is in my 'investment' portfolio, and I still see it as a good long term investment. I can't pick the turn in POI, it's just going to take one bomb, one hurricane, one Iran loose call again about destroying Israel, or one refnery fire.....

If I only had a few bucks to invest I doubt I'd have it all in oil at the moment...Probably in cash!

Must make your own mind up of course with all the information you can find......
 
I feel the same, nervous but reluctant to pull the pin on BPT. I think i'll just keep a close eye on it for now. I would like to have guts to hold it long term, like over a year, but i've heard some reports on the future of the oil price that make me think twice.

Sometime i think oil bulls are just trying to slow down the alternative fuel bulls by seeming to be disbelievers on peak oil.

Cheers,
 
bpt.took a position today @1.40
short term target 1.55 old support ,future resistance,short term trendline
posible head and shoulders pattern forming
rsi turning positive with divergance
sto also turning up with crossover as with macd
for me she looks pretty positive in the short term,with the price of oil looking to have a bit of a run in the next week or so and a good prospect bieng drilled atm may see a new all time high bieng made,time will tell

cheers pete
 

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