IMO BPT will continue pushing it up, I see 30c as the next offer from us. The higher it goes the more it causes Hancock to spend. Beach will probably call it a day if it gets to around the 40c levels.
Even if Hancock seals the deal at a much higher price, it probably takes them out of action of more takeover plays in the Oil and Gas sector and limits the funds available for acquisitions. Which is good news for Beach and less competition when the next company becomes available. I can see a company like COE next on the radar now that they have producing assets in Orbust. Producing assets will be like gold soon, especially with the way O&G is heading in Australia and the pricing mechanisms the market in Australia follows. Plus the huge issues overseas and potential for future exporting agreements.
News: BPT Warrego Energy Announces Increase In Offer Price Under Hancock Energy Takeover Offer, page-6
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Last
$1.27 |
Change
0.015(1.20%) |
Mkt cap ! $2.897B | |||
| Open | High | Low | Value | Volume |
| $1.29 | $1.30 | $1.26 | $9.725M | 7.622M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 135823 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.28 | 50000 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| BPT (ASX) Chart |