BPT 2.76% $1.49 beach energy limited

more oil????????????, page-2

  1. 2,834 Posts.
    I doubt it.

    The reason is that the other Kenmore wells found oil in the Hutton sandstone, rather than in the Cadna-Owie, which is what their current Kenmore well is now drilling in.

    In any case, I think their share price is going to trade around 36 cents until we find out what they are going to spend the $30m on from their recent massive capital raising (remember, you can get $5K of new shares at 36 cents, so that provides a ceiling for small investors. Big ones will just go to Euroz. Thus, no short-term upside).

    Ian Whitchurch
 
watchlist Created with Sketch. Add BPT (ASX) to my watchlist
(20min delay)
Last
$1.49
Change
0.040(2.76%)
Mkt cap ! $3.399B
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
View Market Depth
Last trade - 16.10pm 31/07/2024 (20 minute delay) ?
BPT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.