A leading broker said its commodity team recently reiterated its warning that prices could fall below $50 per barrel WTI if weather remains benign, which poses some downside risk to its full year 2007 forecast of $US60 a barrel.The broker adds, "We expect that 2007 will again be a stock pickers market. Among the large caps Sinopec is again our top pick despite being up 78 pct in 2006. Small cap opportunities include Beach Petroleum and Pakistan Oil Fields". The broker adds both Beach Petroleum and Tap Oil are trading below its base case NPV.
With BPT trading well below NPV then I suspect its very attactive for a TO...just well STO and WPL looking for acquisitions
takeover emminent
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Last
$1.50 |
Change
0.030(2.04%) |
Mkt cap ! $3.422B | |||
| Open | High | Low | Value | Volume |
| $1.46 | $1.50 | $1.45 | $33.59M | 22.43M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 179556 | $1.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.50 | 187151 | 4 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| BPT (ASX) Chart |