Best policy is to ignore the rags21 types of HC. They write garbage just to get attention. I have owned Beach on and off for years and currently don't have any. However, i reckon there will be upside coming in new FY. Might take 2-3 months but feel it will eventuate.
The main drag on BPT has been that much of its oil prod was hedged at awful prices. As these start expiring from end of september the SP is highly likely to respond far better with spot oil market.
Will oil be in 120-150 range come October??Impossible to be sure but i doubt oil will go below 100. 100/brl is still well above BPT hedged prices so hang in and maybe top up in september. That's when i will be looking to re-enter BPT.
Management have done reasonable job.Remember this stk was a basket case 10-15 years ago.
Best policy is to ignore the rags21 types of HC. They write...
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Last
$1.49 |
Change
0.040(2.76%) |
Mkt cap ! $3.382B | |||
| Open | High | Low | Value | Volume |
| $1.45 | $1.50 | $1.45 | $11.10M | 7.484M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 56194 | $1.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.50 | 120805 | 6 |
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| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| BPT (ASX) Chart |