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  1. #761
    Legend peat's Avatar
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    has all the technical signs , rising price on rising volume

    go well, go shell , I mean Beach

    Attachment 12109

    I guess it could be a little overbought right now tho.... but still this is good.
    Last edited by peat; 25-11-2020 at 08:09 AM.
    For clarity, nothing I say is advice....

  2. #762
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    Oil (depending on which variety of course) at least the one I follow is over $50 US/barrell. So much end of the world 6 months ago! Even six weeks ago BPT was only $1.15 I think it will correct here a bit maybe but appears very bullish in the medium term. So am taking half off the table. at $1.90 (30% in 5 months.)
    For clarity, nothing I say is advice....

  3. #763
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    went back almost to 1.60 but oil remains strong and so has bounced back up quickly to hit 1.70 again today.
    my rebuy limit at 1.62 wasnt hit.
    For clarity, nothing I say is advice....

  4. #764
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    wtf ?

    guidance only down 50 odd million EBITDA and share price down 22% ?
    For clarity, nothing I say is advice....

  5. #765
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    Quote Originally Posted by peat View Post
    wtf ?

    guidance only down 50 odd million EBITDA and share price down 22% ?
    That greedy Mr Market obviously expected something much better!


    Edit: Beach reviews its reserves.

    https://www.abc.net.au/news/2021-04-...ress/100106150
    Last edited by macduffy; 30-04-2021 at 01:25 PM.

  6. #766
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    Quote Originally Posted by macduffy View Post
    That greedy Mr Market obviously expected something much better!


    Edit: Beach reviews its reserves.

    https://www.abc.net.au/news/2021-04-...ress/100106150

    Yes, the 2p reserves downgrade was worth about 5% of the SP so an overreaction by the market. Happy to hold for the medium term and considering buying more as
    Beach p.e. ratio just about the lowest on the ASX right now.

  7. #767
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    price went as low as a dollar! and now back to 1.40.
    wow this is some volatility. glad I took some off the table much higher ,

    It is simply amazing that this share can fall so fast and then rise up again so quickly. its been over $2.00 in the last year and as low as 1.01
    For clarity, nothing I say is advice....

  8. #768
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    Quote Originally Posted by peat View Post
    price went as low as a dollar! and now back to 1.40.
    wow this is some volatility. glad I took some off the table much higher ,

    It is simply amazing that this share can fall so fast and then rise up again so quickly. its been over $2.00 in the last year and as low as 1.01
    I wouldn't invest in dirty oilers anymore Peat.
    Shorting being allowed increases volatility a lot.

  9. #769
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    Quote Originally Posted by clearasmud View Post
    I wouldn't invest in dirty oilers anymore Peat.
    Good on ya.

    I think only 1 in 250 cars are electric so far. this may be a little dated but you get my drift - and it is projected that even in 20 years there will still be 2/3 ICE motor vehicles and only one third electric. Australia is still using two litres of petrol per head per day

    Australia STILL produces more than 3/4 of its electricity from non renewable energy sources mostly coal and some gas.



    Quote Originally Posted by clearasmud View Post
    Shorting being allowed increases volatility a lot.
    yes thats a good point. possibly an options market exists as well I hadnt looked. anyway I must just remember to be a bit more courageous when others are fearful.
    For clarity, nothing I say is advice....

  10. #770
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    Much as I like petrol cars with increased carbon taxes and environmental standards (esg) coupled with an s curve uptake of new energy mobility most fossil fuel investments will end up stranded. Check out Tony Seba.

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