Just a 3% gain day today. A long way to go yet! If oil cracks $100usd soon which I expect and if it stays buoyant above these levels then obviously stocks like BPT will attract more interest. The USA strategic reserves cannot counter the price rise this time around and the recession news which forced it down last time is now factored in. Clearly OPEC and their cuts are winning the market war. In fact, USA will need to replenish the strategic reserves from 40 year lows at some point. This will further drive up prices! No wonder USA are pillaging supply from places like Syria and attempting to in countries like Guyana and Venezuela! Out of options!
We just need some good drilling news and a positive quarterly in a few weeks time and this should finally hit $2 imo.
Beach Energy Limited, page-230
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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 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| BPT (ASX) Chart |