Thanks Smartdude I see BPT is one of the best value oil stocks in the market. If management believe the have great assets, grew cash flow and great upside than surely they would follow us and buy back their own shares. If they needed money in the future they could always do a cap raising a what would likely be higher prices. Smartdude make sure when you ask the question you dot suggest they use all their cash to buy back shares as you will likely get an answer the Cah is needed for exploration and development. If it was me I would frame it. Given we (management . Shareholders and brokers) recognise the share is significantly undervalued why doesnt the compnay use some of it's cash and or cashflow to buy back it's own shares and enhance the prospects for a more substantial share price re rating in the future.
BPT Price at posting:
66.2¢ Sentiment: Buy Disclosure: Held
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