Really? Do you also think Telstra is only worth 3x BPT because it is about $3.80?
DLS has more leverage to the shale story because there isn't much else there. BPT is valued for its conventional and production assets with shale and Tanzania the 'icing on the cake' to steal Auto's comment.
DLS has a market cap a quarter of BPTs (and is relatively over valued in my opinion).
BPT downside is limited due to the easily valued production and conventional assets, DLS much less so.
That said, DLS will gain strong benefit from the shale developments, although I suspect it has already seen a fair bit of that run.
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Last
$1.25 |
Change
0.030(2.46%) |
Mkt cap ! $2.851B | |||
| Open | High | Low | Value | Volume |
| $1.23 | $1.28 | $1.22 | $15.32M | 12.28M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 286283 | $1.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.26 | 39750 | 3 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| BPT (ASX) Chart |