I agree that it is now in oversold territory.
BPT has practically NIL net debt and is currently trading below NPTA value. There is a reasonable chance that their earnings loss from 14% production reduction could be partially offset by increase of average sales price in 22 FY post pandemic as the demand ramps up. As pointed out by other posters, ESG requirements are also likely to drive Oil & Gap prices higher in the medium term. If better sales prices achieved, their 22 FY CAPEX spending could be largely funded by their operating cash flow.
It appears to me that there is very little risk investing in BPT at current price level. The upside greatly outweighs the downside. On top of that, BPT is still paying a dividend. A great stock to hold for realisation of the upside in this low yield environment.
I agree that it is now in oversold territory.BPT has practically...
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Last
$1.43 |
Change
0.000(0.00%) |
Mkt cap ! $3.262B | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1546 | $1.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.36 | 373 | 2 |
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| Last trade - 09.44am 26/07/2024 (20 minute delay) ? |
| BPT (ASX) Chart |
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