Yes
1 the can market their converntional gas discovered and yet to be discovered at higher prices - big plus
2. They can progress with the shale gas play with certainty big plus again
At present BPT is cheap on the 66 million barrrels alone, imagine if the market starts placing value on the Gas resources 270 million BOE plus the Shale gas 200 tcf. If this happpens, I dont think there will be anyone left with a paper loss on BPT anywhere.
Its still not a done deal so i would suspects gains may be limited short term but it surely does change things imo. Only risk( fr longer term holders at higher prices) is a TO tilt by STO although with thi news I think that will be harder.
unstuck, page-5
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Last
$1.27 |
Change
0.015(1.20%) |
Mkt cap ! $2.897B | |||
| Open | High | Low | Value | Volume |
| $1.29 | $1.30 | $1.26 | $9.725M | 7.622M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 135823 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.28 | 50000 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| BPT (ASX) Chart |