Current drilling activity + future drilling activity always has the potential to produce a rapid spike.
However, I see BPT maintaining a steady upward momentum based on its growing revenue stream and the higher oil price.
Once it closes above 45c (and that could be a while) then, technically speaking, its uptrend will be in earnest with a run taking it to around 60c ..... once past 62/3c the next major resistance level
won't be till the stock hits the mid 70c range.
BPT is a pretty safe bet, I reckon, for the patient investor.
Meanwhile, the stock pays a nice dividend as a sweetener while waiting for the capital gain.
great announcement....but, page-2
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Last
$1.14 |
Change
0.005(0.44%) |
Mkt cap ! $2.589B | |||
| Open | High | Low | Value | Volume |
| $1.15 | $1.16 | $1.13 | $8.810M | 7.727M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 46969 | $1.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.15 | 82338 | 3 |
View Market Depth
| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| BPT (ASX) Chart |