BPT 2.76% $1.49 beach energy limited

huge capital raising, page-12

  1. 9,081 Posts.
    bpt shedding "junior status" Interestingly BPT's shareprice has held remarkably firmly, despite the capital raising announcement. I guess the success of the two Kenmore wells in BPT's 100% Bodella field helped arrest any decline + the current drilling of Semaphore.

    That notwithstanding, I think the market is cautiously optimistic re BPT's expansion plans.


    If BPT can use its funds wisely it will end up the major player in the Cooper Basin and will attract a lot more institutional interest as it upgrades from Junior" status to something much more mature
 
watchlist Created with Sketch. Add BPT (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.