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
$1.67 |
Change
-0.018(1.04%) |
Mkt cap ! $3.804B | |||
| Open | High | Low | Value | Volume |
| $1.67 | $1.67 | $1.64 | $6.649M | 3.999M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 67 | 118333 | $1.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.67 | 138702 | 54 |
View Market Depth
| Last trade - 14.32pm 30/05/2024 (20 minute delay) ? |
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Last
$1.67 |
Change
-0.018 ( 1.02 %) |
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| Open | High | Low | Volume | ||
| $1.67 | $1.67 | $1.64 | 634970 | ||
| Last updated 14.52pm 30/05/2024 ? | |||||
| BPT (ASX) Chart |