With the sale of Tamar valley, BBP is no longer required to fund the remaining $241 million budgeted development costs. which is good news
The Outlook FY09 • FY09 EBITDA is likely to be in the range of $350 – 360 million and includes an expected $18 million adverse impact (net of expected insurance proceeds) resulting from the Varanus Island incident • FY09 guidance is subject to normal seasonal market conditions, managing associated risks, managing ongoing gas price review processes and completion of integration
BBP has a good cash flow stream, and asset backing
BBP Price at posting:
9.7¢ Sentiment: Buy Disclosure: Held
