It's obvious Beach is being accumulated by one or two of the big institutions and I expect today it might run to $1.20 before profit taking occurs.
There is still a big question mark over the economics of Shale gas in the Cooper Basin but despite this, of the Beach portfolio, it is the joker in the pack. I suspect the Shale gas story is behind the recent SP rise.
here for the long term, page-21
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Last
$1.27 |
Change
0.015(1.20%) |
Mkt cap ! $2.885B | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.27 | $1.24 | $4.158M | 3.306M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 162059 | $1.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.27 | 85872 | 9 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| BPT (ASX) Chart |