So apologies for jumping into the potentially wrong thread. I've been a watcher for a while, but the metrics never really stacked up for me. With current share price I feel it has been a bit unfairly smashed for reasons unbeknownst to myself and wondering if any longer holders may be able to enlighten me?
Putting the price of the commodity aside (I like the medium-long term outlook or I wouldn't be here) and with Waitsia due to come online later this FY I dont understand what has driven the price down from nearly $2 to almost $1 over the last 6 months. Seem to be producing fairly well, plenty of reserves to continue, moderate debt levels, very good margin on each BBOE and targeting towards $30US this FY, good dividend policy.
Is it just standard fear of hydrocarbons vis a vis climate change? I also couldnt see any mention of heding, does the company have anything in place?
BPT Price at posting:
$1.18 Sentiment: None Disclosure: Not Held
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