the good the bad and the ugly, page-9

Dear rgdk et.al.

Yeah, understand your feelings just at present re. BPT and discussions presented on this thread 'the good the bad and the ugly'. Clark888 and others have some concerns no doubt. Does it then necessarily follow that you don't buy and/or hold BPT - No, not necessarily IMHO. Fundamentally the company fine.

The discussions here on this thread while at times are direct and square they mostly are comments directed to fine tune.

BPT for me is the oiler of choice. sp lacks some altitude but it's strength is reflected in the sp weathering prime storms due to conservative debt levels. Clark888 might disagree with me here but 25% debt : market cap is not a real concern. This is near or below market average I would imagine. I would prefer a little less debt in this debt factored market but current levels OK IMHO and are not factored into decision making of investors when throwing $ at BPT.

As for other oilers to buy into ... There are so many variables and it depends on your motives to buy into oil & gas. My motives for picking BPT were...

1) Cooper Basin exposure and experience in corner country. This was the main reason for me.
2) Good management
3) Success rates on drilling
4) Open share registry - meaning that there is no real significant share holder which could make it a takeover target.
5) When I was interested in investing in oil and gas there were socio-political problems in just about every oil nation - including the USA. BPT has it's core assets are in Australia - safe as houses ...
6) Largish company with further growth potential
7) Dividend payer
8) The BPT yearly calander. What a joy

There are not too oil companies with this profile. So these are my ramblings ...

regards

Capt. Goodvibes
Love party host

DISCLOSURE:- I hold BPT.