I'm estimating that with higher gas prices and excluding the third party sales (which distorts the numbers) the Gas revenue for this year will be about 35% of the Oil and Gas revenue.
Based on a SP of $1.40 I currently am estimating a NPAT of $166M which gives a PE ratio of about 10.9
The key for BPT is going to be the next quarterly report which will show how much production has declined by. Production was really strong in the June 2014 qtr but I can't see them maintaining that level as they have already flagged declining production due to fairly high depletion rates in the joint DLS fields.
These production numbers will determine if the SP is heading back up to $1.60 + or down to $1.20 - $1.30
Personally I'm not sure so bought back in today with a small parcel and will only buy more if it drops.
If the quarterly numbers are still strong however I will load up if the SP is still sub $1.50
bpt will become cheaper over the next seve??, page-17
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Last
$1.54 |
Change
0.015(0.99%) |
Mkt cap ! $3.501B | |||
| Open | High | Low | Value | Volume |
| $1.51 | $1.55 | $1.50 | $10.73M | 7.023M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 25391 | $1.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.54 | 39714 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| BPT (ASX) Chart |