Buy low sell high. Simples.
BPT has been stuck in a rut for past few years. Always teases $2 and drops back to $1.40 range.
I remember holding to it early in year sitting pretty at $1.80 something then bam cost overruns. Back to $1.50 then topped up then recovered a bit and exit with a profit.
The trials and tribulations at BPT never end. Can't seem to do a Santos from $3-4 all the way to $8-9.
Probably all comes down to asset quality.
Unless oil structurally moves in terms of pricing like gold then it's a trade based on high and low oil prices. $80 is touch on upper mid range. But could go higher due to Middle East explosion.
That is just the tail winds. BPT still needs to steer the ship and it always hits a mine every few months atm.
Buy low sell high. Simples.BPT has been stuck in a rut for past...
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Last
$1.50 |
Change
0.030(2.04%) |
Mkt cap ! $3.422B | |||
| Open | High | Low | Value | Volume |
| $1.46 | $1.50 | $1.45 | $33.59M | 22.43M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 179556 | $1.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.50 | 187151 | 4 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| BPT (ASX) Chart |