Guys agree BPT has copped a hiding of late, but think we're seeing a lot of the usual pendulum of the stock market (swinging too far from time to time).
Short-term weakness has probably been driven by combination of Clough's insolvency (and resulting uncertainty around Waitsia development and concern of cost overruns), other disappointing Stage 2 Cliff drilling results (not that material in overall scheme of things) and Macro risk thematic on an Albanese Gov setting gas price caps out of blue and beholden to Greens on domestic gas policy front (even though BPT sells all its gas domestically anyway...)
Anyway my two-bob worth - trust in the inherent value of your company, its incredible balance sheet, its quality assets in sector that's only going to be in greater demand after current political circus ends up starving all near-term gas supply possibilities, creating severe medium term gas shortages).
Translation - sit tight, know your shares worth, and put verbose Gold Dribblers on ignore!
Snakes and Ladders
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Last
$1.52 |
Change
0.005(0.33%) |
Mkt cap ! $3.467B | |||
| Open | High | Low | Value | Volume |
| $1.52 | $1.53 | $1.51 | $5.912M | 3.892M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 110244 | $1.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.53 | 46456 | 2 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| BPT (ASX) Chart |