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BPT - Beach Energy

Discussion in 'Stocks 0-H' started by Bonk, Jun 18, 2004.

  1. Bonk

    Bonk

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    Euroz Research states today , Myponga-1 success will add 15c to their current valuation of 39c . BPT is currently 28.5c in this depressed market. Myponga-1 is tipped to hold 10mmbbloe.
    Also, BPT has currently 37m dollars cash ...for acquisitions?
     
  2. Aceyducey

    Aceyducey

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    Re: Beach Petroleum  [ BPT ]

    Beach is undervalued, just, as is STU, GOG and other junior oilers :)

    They have been sitting on the cash for awhile....it's still unclear what they will do with it.

    Cheers,

    Aceyducey
     
  3. GreatPig

    GreatPig Pigs In Space

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    Re: Beach Petroleum  [ BPT ]

    I added Orchard Petroleum (OPL) to my paper portfolio last Friday and it's my star performer so far :)

    GP
     
  4. Aceyducey

    Aceyducey

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    Re: Beach Petroleum  [ BPT ]

    Keep an eye out for the Merlin Petroleum listing. Prospectus will be out next week.

    CAVEAT: Note that I am a seed investor in Merlin & have consulted to the company.

    However I'd seriously like to know what people think about it.

    Cheers,

    Aceyducey
     
  5. stefan

    stefan

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    Re: Beach Petroleum  [ BPT ]

    Very interesting stock. I might just buy a few to hold for the next few months.

    Thanks for the tip...
     
  6. Bonk

    Bonk

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    Bonk wisdom

    BPT will now improve as the stock gets back to doing some wells , where people will see by xmaz what its game plan is . Expect a decent dividend out of the blue ........maybe 1.5c
     
  7. tech/a

    tech/a No Ordinary Duck

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    Nice Breakout this morning
     

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  8. mime

    mime

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    BEACH PETROLEUM (BPT)

    Does anyone know why the stock is on a major downward trend?
     
  9. mime

    mime

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    Re: BPT

    ok

    So why is it on a downward trend?
     
  10. Mofra

    Mofra

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    Re: BPT

    As complete guesses

    a. Oil is down off its 12 month highs, and the stock is being rated by the market as a producr more than an explorer.
    b. In sympathy with the rest of the market pulling back - smaller caps are being hit hardest as investors flock to more defensive stocks
    c. Some profit taking may have started it
    d. T/As would be holding off buying waiting for more definite signs of reversal
     
  11. GreatPig

    GreatPig Pigs In Space

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    Re: BPT

    Sold out of this on 21st July for 73.5 cents. Shortly afterwards it went into trading halt and is now suspended.

    Is it in receivership?

    Cheers,
    GP
     
  12. GreatPig

    GreatPig Pigs In Space

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    Re: BPT

    Trading again this afternoon and dropped from 73.5 cents to 68 cents.

    The announcements were about taking an extra stake in some gas fields and a $76.8m capital raising, by way of a placement to institutional and "sophisticated" clients at 64 cents a share.

    After announcing a placement at 64 cents, perhaps the market considered 73.5 cents somewhat overpriced :rolleyes:

    Cheers,
    GP
     
  13. Kauri

    Kauri E/W Learner

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    Re: BPT

    Considered shorts but not enough breakdown volume... maybe tomorrow. :(
     

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  14. Kauri

    Kauri E/W Learner

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    Re: BPT

    On its way now :D
     

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  15. Fab

    Fab

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    Hi,

    I hold BPT and recently got credited to my account 1000 BPTOB (Options). Good surprise :) nevertheless I am not familiar with how to trade them and when I try to view it on my Commsec account BPTOB code is said to be invalid.
    Can anyone help me on this ?

    Cheers
     
  16. Fab

    Fab

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    I actually got the answer from Commsec. BTOP option will start trading on the 01/05. By the way this is a great stock
     
  17. mime

    mime

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    Really? How much are they?
     
  18. Fab

    Fab

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    BPT closed today at 1.47 up 3.52%
     
  19. mime

    mime

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    So how much are the options?
     
  20. michael_selway

    michael_selway Coal & Phosphate, thats it!

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    Earnings and Dividends Forecast (cents per share)
    2005 2006 2007 2008
    EPS 5.8 10.2 24.6 21.4
    DPS 1.5 1.5 1.5 1.5

    BMG asset appear to be doing it for them also like AZA

    thx

    MS
     
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