BPT - Beach Energy

[Sean K]

Ok ok, whats about to happen? I've held BPT several times and its bitten me ever time. I realise they're the next big player in the oil game and all that, but other than that, i'm not too fussed about the fundementals, to me the price action says it all. I just don't think its going to move quickly, thats all.

Kennas....Beavers and Salmon???? Whats that all about?

My point in being so sarcastic in my first reply was just to make a point at what was a groundless comment on the stock. I really think BPT is probably a quality company, but if your going to claim something, then give us something, especially those like myself who don't research Fundy stuff at all.

Cheers,

CC, sorry I thought the sarcasm was palpable. Beavers? Aren't you half canuck? Salmon? Aren't you half canuck. Maybe I should have added potato and Lobster to the list. Although, that would only make sence if you were from PEI.

I was actually inferring that Champ needs to consider that you may actually know a thing or two about BPT and the market and when you make broad general illinformed statements like 'you know nothing of this company' then you open yourself up to a return salvo. I thought I did that in the most nuanced way possible.

Cheers.

 

[champ2003]

Ok ok, whats about to happen? I've held BPT several times and its bitten me every time. I realise they're the next big player in the oil game and all that, but other than that, i'm not too fussed about the fundementals. To me the price action says it all. I just don't think its going to move quickly, thats all.

Kennas....Beavers and Salmon???? Whats that all about?

My point in being so sarcastic in my first reply was just to make a point at what was a groundless comment on the stock. I really think BPT is probably a quality company, but if you're going to claim something, then give us something, especially those like myself who don't research Fundy stuff at all.



Cheers,

Cani you'll have to do your own research on this one however IMO this stock is great for the short/medium and long term.

All the best.

Cheers!

 

[CanOz]

CC, sorry I thought the sarcasm was palpable. Beavers? Aren't you half canuck? Salmon? Aren't you half canuck. Maybe I should have added potato and Lobster to the list. Although, that would only make sence if you were from PEI.

I was actually inferring that Champ needs to consider that you may actually know a thing or two about BPT and the market and when you make broad general illinformed statements like 'you know nothing of this company' then you open yourself up to a return salvo. I thought I did that in the most nuanced way possible.

Cheers.

How do you know about PEI? You been there?

Ok so no, i don't know much at all about the fundementals of BPT, but from a technical point of view, its not looking great until it makes a move. Would you agree Kennas that this needs to see the POO move too, and confirm its overall direction?

(I guess i should learn how to interpret sarcasm before i try to dish it out )

Typical Canuck.

Cheers,

 

[Sean K]

How do you know about PEI? You been there?

Ok so no, i don't know much at all about the fundementals of BPT, but from a technical point of view, its not looking great until it makes a move. Would you agree Kennas that this needs to see the POO move too, and confirm its overall direction?

(I guess i should learn how to interpret sarcasm before i try to dish it out )

Typical Canuck.

Cheers,

My little bro lived on PEI for a year as an exchange student and I visited the families he stayed with. Great place. Too many potatoes though. And how bloody cold is it in winter!!!!?? I think it was minus 40.

I have held Beach for a couple of years, so I know a little bit about it. Chart wise, it's looking vulnerable as I have posted. Fundamental wise, this will one of the top 5 oils in the country shortly, if not now, and will be ripe for a takeover, if they can bed down Delhi quickly. I only have two oil stocks now (not counting BHP) in BPT and OSH. Both of which I expect to be taken over by a major, or grow themselves to be significant producers. I said I would sell this under $1.30 I think, but I'm long term oil and gold bull, so I might hold for long term value. I'll be posting with any additional thoughts when the sp gets out of this $1.40 ish ranging.....if it ever does....

 

[CanOz]

My little bro lived on PEI for a year as an exchange student and I visited the families he stayed with. Great place. Too many potatoes though. And how bloody cold is it in winter!!!!?? I think it was minus 40.

I have held Beach for a couple of years, so I know a little bit about it. Chart wise, it's looking vulnerable as I have posted. Fundamental wise, this will one of the top 5 oils in the country shortly, if not now, and will be ripe for a takeover, if they can bed down Delhi quickly. I only have two oil stocks now (not counting BHP) in BPT and OSH. Both of which I expect to be taken over by a major, or grow themselves to be significant producers. I said I would sell this under $1.30 I think, but I'm long term oil and gold bull, so I might hold for long term value. I'll be posting with any additional thoughts when the sp gets out of this $1.40 ish ranging.....if it ever does....

I worked on the island before i moved to Australia, 12 years ago. I worked in the large new factory just as you got off the ferry...now theres a bridge there and the island is not so isolated! I got stuck on the ice one day on the ferry, that was fun, on an icebreaker smashing thru that thick ice. I'm from N.B. and its close by, now more than ever. Its colder here in Harbin than PEI!

I wanted to continue to hold BPT, but there were too many opportunities elsewhere. Thats where i think that sometimes its better to put your money elsewhere until the trend reverses or resumes, whatever the case. I think they're a great investment and i watch them everyday, in case they start to move.

TAP is another one i got burnt on. I would appraciate and oil breakout alert when it happens, although i think "The Chartist" will let me know about that one!

Cheers and good luck to those that hold!

 

[Sean K]

I wanted to continue to hold BPT, but there were too many opportunities elsewhere. Thats where i think that sometimes its better to put your money elsewhere until the trend reverses or resumes, whatever the case. I think they're a great investment and i watch them everyday, in case they start to move.

I have an an 'investment' fraction of my portfolio that I would rarely consider trading and this is in it. Fortunately, I have quite a line of equity/credit that I can use to invest. Using the banks money to invest is the bees knees! If you generally get it right! I only need to make 8% a year to beat the banks interest rate on the Margin Loan. I think I paid my interest for the year in the past week. Unfortunately, when the market crashes, I'll have to sell YTs new Porche to pay out the loans.

 

[Sean K]

I think the H&S is falling over but not confirmed. Seems to be a slight trend up now. Some good support around $1.40 ish.

Still cautious of any break below $1.30 ish.

A very bullish sign on the chart is the MACD about to break the signal line, on the up, and diverging.

I have a feeling oilers are getting a little more bullish. Just a hunch.

From FN Arena today:

Merrill Lynch rates the stock as Buy, Medium Risk - The broker recently upgraded its oil price forecasts and has taken the opportunity to reiterate that it is particularly keen on BPT.

Target price is $2.00 Current Price is $1.44 Difference:$0.56 - (brackets indicate current price is over target). If BPT meets the Merrill Lynch target it will return approximately 39% (excluding dividends, fees and charges - negative figures indicate an expected loss).

The company''s fiscal year ends in June. Merrill Lynch forecasts a full year FY07 dividend of 1.50 cents and EPS of 15.50 cents . At the last closing share price the estimated dividend yield is 1.05%. At the last closing share price the stock''s estimated Price to Earnings Ratio (PER) is 9.26.

 

[champ2003]

Looks like BPT could be on the rise again

 

[Bonk]

BPT has been holding back those key announcements we all have been waiting for . Basker-Manta is the current play with this stock . There should be some heavy announcements flowing first half jan07 .

Chart looks healthy for a change . The outstanding stock should now have a home . Buyers now having an impact on things!

 

[jroesten]

Any thoughts on resistance points on this downturn Kennas or anyone. I may be tempted to get back into this soon. JR

 

[Sean K]

Any thoughts on resistance points on this downturn Kennas or anyone. I may be tempted to get back into this soon. JR

Might be support around $1.20. I'm out. I thought $1.30 ish was a critical level. I'll revisist when/if POO stops dropping, or we get some feedback on the Delhi buy.

 

[BeterValue]

Hi Guys,

Did get good support at 1.18 today. Should have added a bit more to me stockpile. What is the indications on Oil price?

Regards,
BV

 

[vert]

oil had a low of 51.57 then closed 52.86 up 0.98 this must be the bottom?

ive had 2 losses on this one cfds 1.43 and 1.47 both stopped out. 1.18 - 1.20 i think is a bargain now hope some of you got on, i would but the remaining $ i had left went to bsg, has done me well before, cfds are great when they go your way, suck when they dont. good fun to have go at.

 

[Darryn]

Appears to be a good buy at the moment. Bought in at 1.24. After reading brokers research reports they value this stock at around 1.90 (Euroz)

 

[reece55]

Kennas
Good to see you stopped out here at 1.30 - excellent trade management IMO. I think its clear that the $1.30 was a critical level and I would have thought it is a logical stop level. There was a sideways movement in place since September that certainly on the face of it looked bullish. However, it's clear now that this is over. It is better to close out and take a loss when your view has not come to fruition.

To everyone else who remains long on this one, my take here is that using t/a being long here is a big no no. Look at the chart for 2 years - i believe that we have broken a 2 year up trend that has taken this one from 40 cents to peaks at almost 1.80. I might be wrong, because there is support at about 1.20 established it that wide price day in June. But look at the last two days - on Thursday we have extremely high volume, with clear breach of support and close on lows. Friday, whilst positive, the close is on much lower volume. This to me whiffs of sellers. As with all stocks in the oil & gas sector, there may still be pain ahead IMO.

Cheers

 

[Sean K]

Kennas
Good to see you stopped out here at 1.30 - excellent trade management IMO. I think its clear that the $1.30 was a critical level and I would have thought it is a logical stop level. There was a sideways movement in place since September that certainly on the face of it looked bullish. However, it's clear now that this is over. It is better to close out and take a loss when your view has not come to fruition.

To everyone else who remains long on this one, my take here is that using t/a being long here is a big no no. Look at the chart for 2 years - i believe that we have broken a 2 year up trend that has taken this one from 40 cents to peaks at almost 1.80. I might be wrong, because there is support at about 1.20 established it that wide price day in June. But look at the last two days - on Thursday we have extremely high volume, with clear breach of support and close on lows. Friday, whilst positive, the close is on much lower volume. This to me whiffs of sellers. As with all stocks in the oil & gas sector, there may still be pain ahead IMO.

Cheers

Thanks reece,

I think some of the selling may have been techincal, but POO has been instrumental in the Oilers sliding - of course. (and no pun intended)

I think oil will turn around soonish and I will be back into this when the dust settles. It's a finite resource and there are more and more gas guzzlers hiting the streets (especially China) which in the next 20 years will be the world largest demand. So, I am still positive on the long term prospects of this company and will reenter in time.

All the best top long term holders....

 

[Out Too Soon]

I think this is going to be an oilers' year so I've added beach to my watchlist. (a year to watch poo)
Hope things pick up for you long termers soon, hopefully I manage to jump on before the lift off starts.

 

[Kauri]

Looks like this string has almost reached TD.. will it strike oil or be plugged and abandoned???

 

[clowboy]

hmm nice chart and all, but what the hell does it all mean?

Up or down for the share price?

 

[reece55]

Kauri
Excellent short here - this thing just keeps slipping, the sellers are abundant. The continued downtrend that I had predicted back a little while ago after the brake down out of the sidewards movement has accelerated rapidly. Brokers are saying this one's a screaming buy - personally, I wouldn't touch the thing with a 40 foot pole!

Cheers