Looks like Kerry Stokes really likes his Oil and Gas plays.
From the Australian
Stokes bolsters Beach stake
Kerry Stokes’ Seven Group has confirmed today it was behind the large purchase of Beach Energy shares yesterday.
Seven bought a 3 per cent stake at $1.635, increasing its stake to 28.57pc from 25.6pc, capitalising on the 5pc drop in Beach shares to $1.61 yesterday.
This is good news for the share price and could magnify a bounce in Beach shares caused by the support for crude oil prices last night.
BPT last up 0.3pc at $1.62
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9 | 578300 | 0.140 |
3 | 457930 | 0.135 |
3 | 412500 | 0.130 |
3 | 287502 | 0.125 |
Price($) | Vol. | No. |
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