re: Ann: Beach Secures $150 Million Financing... I think if the shale gas project proves uneconomic, Beach will return to the 60s-70s. There's definately a value assigned to its shale assets, there was a large increase in SP when they announced that the shale target was closer to 300-350m than the initially thought 200m.
There's definitely downside risk involved with this project, but I believe in the management which I've come to learn (after investing in CTP, NKP) is paramount.
Still a buy under $1 for me, stops at 75c-ish. Seems to have good support at mid 80s at the moment.
Ann: Beach Secures $150 Million Financing Facilit, page-38
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$1.27 |
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Mkt cap ! $2.885B | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.27 | $1.24 | $4.158M | 3.306M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 162059 | $1.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.27 | 85872 | 9 |
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