The quarterly says the increase in cash came mainly from the asset sales, implying profit was near zero. That's good if the prices of oil and gas go up, as it means greatest possible profit leverage. If you think prices will go the other way, you probably should not be investing in the sector. The market likes it, so far.
The quarterly says the increase in cash came mainly from the...
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$1.49 |
Change
0.015(1.02%) |
Mkt cap ! $3.399B | |||
| Open | High | Low | Value | Volume |
| $1.48 | $1.51 | $1.47 | $9.879M | 6.634M |
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| No. | Vol. | Price($) |
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| 7 | 119980 | $1.49 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.50 | 67389 | 1 |
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| BPT (ASX) Chart |