BPT 2.01% $1.22 beach energy limited

simple maths, page-49

  1. 3,556 Posts.
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    Captain,

    When it comes to BPT, the market is myopic.

    It looks not at the value of its 2P reserves, but instead at the price of oil (which unfortunately has fallen the last few days.

    "Value" and "price" are definitely divergent on this stock.

    Apart from a TO, I do not think they will ever be the same for at least the next few years.

    Cheers
 
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