BPT 0.43% $1.18 beach energy limited

120s here we come , page-14

  1. 11,400 Posts.
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    Roberto,

    Few things happened:

    Major market falls in commodity sectors due to commodity prices falling

    Nat gas and oil price both fell, now recovering

    US oil reserves hit highest point in 22 years and everyone got nervous (little did they realise that US oil usage is also near the highest point, highest was late 2007)

    Capital raising signalled weakness in profits to some uninformed brokers

    All-in-all BPT is depending on oil price/nat gas price to stabilise/go higher but its business is in great shape, expanding production nicely at decent costs/well, has a great strike rate in new areas for oil/gas and has expanded nicely.
 
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