goldmand sachs had some research out a year or so ago and BPT had a beta of more than 1.0 to the oil price, so BPT is (or was a year ago) more than 1:1 leveraged to tge oil price.
I would say given BPT has lagged the oil proce in recent times then a catch up cpuld occur where BPT moves 2-3% for each 1% of oil price at some point.
no doubt there are more leveraged ways to play oil, but BPT is lower risk and fundamentally undervalued even if oil was only at $50 today
THE ONLY WAY IS UP., page-1454
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Last
$1.59 |
Change
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Mkt cap ! $3.644B | |||
| Open | High | Low | Value | Volume |
| $1.61 | $1.61 | $1.59 | $986.4K | 616.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 112514 | $1.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.60 | 106503 | 38 |
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| Last trade - 11.18am 29/04/2024 (20 minute delay) ? |
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$1.59 |
Change
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| Open | High | Low | Volume | ||
| $1.61 | $1.61 | $1.59 | 271942 | ||
| Last updated 11.36am 29/04/2024 ? | |||||
| BPT (ASX) Chart |