BPT 0.59% $1.28 beach energy limited

great value

  1. 20,484 Posts.
    lightbulb Created with Sketch. 2032
    Market cap 670
    cash 210
    460 value ex cash
    66 milion barrels of 2p reserves
    7 dollars per barrel

    Can anyone find me any company that spends less than 7 dollars to find a barrel of oil
    Tapis mid 70s
    Margin huge
    And zero value for huge permit position.
    Zero value for shares in other companies
    Conclusion - one cheap stock. I remember during the GFC many shareholders begging for the company to be taken over at 40 or 50
    percent above the prevailing price onlybyo see these stocks double and tripple the SP in a few months.

    ofcourse doesn't mean it can't or won't go lower
 
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