I am tracking these Aussie oilers SP against Brent. As you can see Brent dropped 10% and while all the others are aligned, BPT dropped twice:
Assuming BPT would have moved symmetrically to the others now a fair price would be in the range of 1,35-1,4$, and if you add two last positive announcement IMO this is grossly undervalued and constitutes a great BUY opportunity at this price.
Interestingly WPL announced in April 1/4 of production hedged at 33$ bbl until Dec., what a paniky move with hindsight.
I think it is just a matter of time to balance out vs. peers irrespective of Brent
Ann: SXY: Senex announces sale of Cooper Basin business, page-32
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Last
$1.43 |
Change
0.035(2.52%) |
Mkt cap ! $3.250B | |||
| Open | High | Low | Value | Volume |
| $1.41 | $1.43 | $1.40 | $6.146M | 4.329M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11689 | $1.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.43 | 66762 | 6 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| BPT (ASX) Chart |