Good points mate.
WA gas is mostly used for industry and mining. SE Australian gas is more for domestic use- hence seasonal.
Note also that Otway is wet gas- so as gas production decreased so did gas liquids, condensate and LPG- so that really hurt- gas liquids is where the profits are.
Pity, the thesis was that BPT had well located assets to take advantage as Bass Strait JV production goes into decline- and it is declining.
I shall have another look at BPT- consider the price- and think about getting back in or not. This stock had been good for me earlier. Management cannot create oil and gas they can only look for it- and ditto they cannot create winter and spring frost etc.
Good luck to all holders.
IMHO DYOR
Good points mate.WA gas is mostly used for industry and mining....
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$1.27 |
Change
0.015(1.20%) |
Mkt cap ! $2.897B | |||
| Open | High | Low | Value | Volume |
| $1.29 | $1.30 | $1.26 | $9.725M | 7.622M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 135823 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.28 | 50000 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| BPT (ASX) Chart |