What am I missing here?
Why the BPT price reaction is muted? Oil is going up steadily, new discovery with significant 2P reserves booked in easy tie in commercial location (with surpassing pre-drill estimates). Plus materially enhanced chances of near field discoveries. Strong balance sheet almost no debt.
Mr market time to wake up re-rate before. Cannot stay behind for much longer if logic is a thing.
Oil $60 Short Term Target, page-57
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 (20min delay)
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Last
$1.27 |
Change
-0.013(0.98%) |
Mkt cap ! $2.880B | |||
| Open | High | Low | Value | Volume |
| $1.30 | $1.30 | $1.26 | $6.632M | 5.171M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 43 | 83713 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.27 | 81919 | 29 |
View Market Depth
| Last trade - 14.42pm 08/10/2024 (20 minute delay) ? |
| BPT (ASX) Chart |