colquhoun
Yes I understand what you are saying however at 8 million barrels of oil equivalent production that's alot of revenue for the next few years. As you say that even with what they have done - reserve replacement, that still means the company is still very undervalued.
I do think the uncertainty with BMG and whether they proceed to try and develop oil or gas may be a drag on the SP at present. I persoannly hope the dont
The oil industry is not an easy business, however BPT's current assets and revenue allow expansion at a reasonable pace and risk.
I dont know much about the Gas story but if it was successful, BPT would be similar to oilsearch 10 years ago, held back by a project most analysts doubted was going to get off the ground. incidentally it was trading about about 60-70 cents. A few years later OSH is 5 dollars plus and the rest is history
Also the dividend, assuming 1.75 cents per year at these levels is a reasonable return and assist with the cost to carry - approx 3%
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$1.32 |
Change
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Mkt cap ! $2.999B |
Open | High | Low | Value | Volume |
$1.32 | $1.33 | $1.30 | $14.05M | 10.65M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 23247 | $1.31 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.32 | 355096 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 23247 | 1.310 |
3 | 26997 | 1.305 |
11 | 61123 | 1.300 |
6 | 62787 | 1.295 |
10 | 151484 | 1.290 |
Price($) | Vol. | No. |
---|---|---|
1.320 | 47356 | 4 |
1.325 | 370397 | 7 |
1.330 | 97102 | 6 |
1.335 | 37017 | 5 |
1.340 | 103755 | 5 |
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