CTP 0.00% 4.8¢ central petroleum limited

SP, page-306

  1. 11,084 Posts.
    "if the question in your first paragraph is serious then you would be well advised to steer clear of charting to assist your investments."

    Charting in CTP's case, gives a clear indication of what the market thinks about the company.

    Comparing CTP with Beach Energy, really shows you are full of it, it seems, as circumstances regarding both companies are entirely different.

    CTP SP driven momentarily up by Clive Palmer buying a few shares, and share holder anticipation of the company producing hydrocarbons, oil flowing from Surprise, but then no communication from the company as they made their long term gas plans, with another waiting period until NEGI finished.

    All bodes well for a lowering of the SP, especially in these questionable economic times.

    Now compare to BPT, a company actually producing something of value, more than what is needed to cover admin costs, etc, with dividends as well ;

    "Company Strategy

    BPT strategy is focused on maintaining a balanced exposure to risk and reward across existing exploration and development projects. Further investment opportunities will be based on affordability and use of low pollutant energy. It is important to BPT that strategic planning allows for flexibility as well as growth.
    Beach Energy reported NPAT down 22% to $43.69m for the half-year ended 31 December 2012, mainly due to the unrealised loss on the revaluation of the derivative liability attached to the convertible notes.
    Revenues from ordinary activities were $344.72m, up 17% from the same period last year. Sales revenue increased mainly due to increased oil volume in the sales mix partly offset by lower prices and a higher A$/US$ exchange rate. Diluted EPS was 3.41 cents compared to 5.02 cents last year. Net operating cash flow was $172.15m compared to $76.76m last year. The interim dividend declared was 0.75 cents in line with 0.75 cents last year."

    ... and not interested in "Charting for Dummies", thank you, as I put my trust in Central Petroleum, 8 years ago, and confirmed when Cottee took over, but he, IMO, has let share holders down big time.
 
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Last
4.8¢
Change
0.000(0.00%)
Mkt cap ! $35.52M
Open High Low Value Volume
4.9¢ 4.9¢ 4.8¢ $2.624K 53.82K

Buyers (Bids)

No. Vol. Price($)
1 980647 4.8¢
 

Sellers (Offers)

Price($) Vol. No.
4.9¢ 189266 2
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Last trade - 16.10pm 26/07/2024 (20 minute delay) ?
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