Australia's largest stock trading and investment forum Australia's #1 stock forum

BPT

3.74%

$1.42 beach energy limited

Outlook for the O&G industry., page-27

First 27 Last

Share
Profile

Follow
Lithos

904 Posts.

146

21/03/20

17:25

Post #: 43622920
Share

Originally posted by Kashman: ↑

At this stage, though I do not like it, I would have to say I feel the market still has some way to go in this downward trend and so does BPT. The closing sentiment in the US and elsewhere overnight, despite all of the money being printed and handed out, is not positive. When the body bags start filling in New York, and they will, then shit is gonna get real.

Invertedva, In relation to your views though, I have to disagree with some aspects but agree with others.

The downside of the markets ever shutting by choice of the Government is simple.
The owner of the capital can not get it back if they want it (Or need it).... What's to then stop the Government saying we were wrong it will now need 6 months or a year or longer ?. Shutting the market destroys trust in the system and will likely only cause an all out run on the markets when it reopens anyway.

Now for the banks generosity.
I would hardly call what the banks did as generous. They will continue to accumulate interest at the highest rate on the principle and the interest each and every month whilst the value of the asset goes down as a result of the impending recession knowing full well that at the end of six months, (or 12 months when they extend their generosity), the business or the house will now be worth much less than what it was before whilst the owner (I use the term sucker) will now have to pay much more over a longer period. Hardly generous and the small business will still need to let staff go anyway and reduce their business size as a result of the changing market because their income has literally dropped off of a cliff as their customers disappear.

The Government once again has given taxpayers money to the wrong people and for me this raises a bigger question.
When the Government uses the term "Herd Immunity" do the people (Tax Payers) realise that what they really mean ?. You see, what I think they mean is the the Tax Payers are the herd and the Government and the Banks want to keep milking us dry because that is what they see the heard as being useful for. They like the herd to be fat, dumb and placid so they can easily convince us to keep getting milked as the only option. That is why they use marketing and slight of hand to convince you they are generous

The one thing you said which I totally agree with is "The highest paid professions in finance are next to useless , whilst the lowest paid professions are the most essential. At the end of this , I think we will see a reframing of the relationship between the finance sector and the rest of society. The banks know this." Lets not wait till the end.. Now is the time for reframing the relationship.

Cash is the only place to be at this time.

GLTAH, DYOR and HTFO

Expand

insightful

BPT Price at posting: $1.08 Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

Diggers & Dealers 2024: Kim Beazley ties mining and military together; highlights competition with China in Africa

APS

Allup Silica spotlights ilmenite in acquisition of WA valuable heavy mineral sand project

HCL

HighCom receives new body armour worth just short of $9M

Money and Investing with Andrew Baxter: The psychology and emotion driving bulls and bears

STK

Strickland picks up 4g/t gold across 89 metres at Serbia's Shanac

There are more pages in this discussion • 33 more messages in this thread...

First 27 Last

Add BPT (ASX) to my watchlist

(20min delay)
Last $1.42		Change -0.055(3.74%)		Mkt cap ! $3.228B

Open	High	Low	Value	Volume
$1.44	$1.44	$1.41	$4.798M	3.380M

Buyers (Bids)

No.	Vol.	Price($)
49	211719	$1.42

Sellers (Offers)

Price($)	Vol.	No.
$1.42	143421	40

View Market Depth

No.	Vol.	Price($)
47	220978	1.415
28	381120	1.410
39	568507	1.405
54	469950	1.400
12	137194	1.395

Price($)	Vol.	No.
1.420	118352	36
1.425	286993	26
1.430	308856	18
1.435	199506	16
1.440	195472	15

Last trade - 13.26pm 05/08/2024 (20 minute delay)

BPT (ASX) Chart

Outlook for the O&G industry., page-27

Diggers & Dealers 2024: Kim Beazley ties mining and military together; highlights competition with China in Africa

Allup Silica spotlights ilmenite in acquisition of WA valuable heavy mineral sand project

HighCom receives new body armour worth just short of $9M

Money and Investing with Andrew Baxter: The psychology and emotion driving bulls and bears

Strickland picks up 4g/t gold across 89 metres at Serbia's Shanac

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Outlook for the O&G industry., page-27

Top Stories

Diggers & Dealers 2024: Kim Beazley ties mining and military together; highlights competition with China in Africa

Allup Silica spotlights ilmenite in acquisition of WA valuable heavy mineral sand project

HighCom receives new body armour worth just short of $9M

Money and Investing with Andrew Baxter: The psychology and emotion driving bulls and bears

Strickland picks up 4g/t gold across 89 metres at Serbia's Shanac

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News