BPT 1.20% $1.27 beach energy limited

Thoughts? Here are my thoughts.We expected someone to takeover...

  1. 351 Posts.
    Thoughts? Here are my thoughts.

    We expected someone to takeover Beach. It hasn't happened and I don't think it will happen. However I believe that Beach is now thinking of putting its cash reserve to good or bad use. I am not sure of this Impress company. Haven't heard of it before. Sure it has a impressive name but I am not sure how impressive this is going to be for Beach.

    IMO the SP of beach may pull down below 60 cents soon if there is no good news from the shale drilling.
 
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