BPT 0.99% $1.54 beach energy limited

TA analysis with some FA

  1. 4,382 Posts.
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    interested to know what people think of it bouncing up here off the 80c mark...or possibly going sideways from here for a while and then up on the longer term trendline...also does not normally run down for much more than this before it takes a swing back up again
    it's being shorted atm so would also look for that to start drying up fairly soon
    presumably the new investors would not like the SP to dip to close to the 75c and would want to run it up north again to get some buffer
    there is also this potential for constant upward pressure on the SP as they reduce debt from free cashflow. If the acquisition had no debt component then I would have thought the SP should be in the range of about $1.30. In any event that would be the target imo over the next 12 months and more
 
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