1914
One purpose for my holding energy stocks (in my name) but on behalf of young kids is that relative prices are unlikely to stay where they are.
By the time our kids (hopefully) go to uni I expect that all Australian Cars will be CNG or Electric propelled. Oil will be far too expensive (and valuable) to waste on mere transportation. What will BPT be worth in 15 years time IF POO reaches $400pbl (2009 dollars)? The other long term issue is the impact of the credit depression (and subsequent money printing)on global inflation.
Mind you, any profits above and beyond the cost of a uni education are going to the (then) oldies.
Cheers
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Not investment advice - and indeed some technical analysts (that I don't really follow) predict a downward POO correction in the near future. I note that BPT is rated as a buy in the Diggers and Drillers publication.
broker research, page-7
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Last
$1.16 |
Change
0.005(0.43%) |
Mkt cap ! $2.634B | |||
| Open | High | Low | Value | Volume |
| $1.15 | $1.17 | $1.14 | $15.86M | 13.67M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 35087 | $1.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.16 | 285003 | 7 |
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| Last trade - 16.10pm 20/09/2024 (20 minute delay) ? |
| BPT (ASX) Chart |