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  1. 13-04-2008, 09:03 PM #31
    AMR
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    I've been monitoring this one for a while now, and it seems to be heading for a retest of the 109 support level..

    Any fundamental news on why, when the price of oil hits new highs, this stock is going backwards?
    Disclaimer: Do not take my posts seriously. They are only opinions.

    AMR has sold all shares and is pursuing property.
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  2. 13-04-2008, 09:30 PM #32
    Huang Chung
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    Seems to be symtamatic of the whole mid-size oiler space AMR. Amazing when you consider the POO.

    From what I can tell, BPT seem to be doing everything right.

    Not sure if their entry into CSG and Hot Rocks might have alienated some of the O&G purists.....
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  3. 13-04-2008, 10:11 PM #33
    bermuda
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    Quote Originally Posted by Huang Chung View Post
    Seems to be symtamatic of the whole mid-size oiler space AMR. Amazing when you consider the POO.

    From what I can tell, BPT seem to be doing everything right.

    Not sure if their entry into CSG and Hot Rocks might have alienated some of the O&G purists.....
    The entry into CSG and Hot Rocks will prove to be one of the best they have made.
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  4. 14-04-2008, 08:30 AM #34
    macduffy
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    Quote Originally Posted by bermuda View Post
    The entry into CSG and Hot Rocks will prove to be one of the best they have made.
    Let's hope so!
    I think the market is a bit concerned that BPT have sold down two 10% chunks of BMG in the last 6 months or so. Latest results wouldn't look too flash without the profits from these sales. Presumably, the proceeds were needed for the above two investments.

    Disc: Long term, perennially optimistic holder of BPT.
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  5. 14-04-2008, 11:25 AM #35
    Dr_Who
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    What percentage of BMG is BPT holding after sell down and why are they selling down?
    Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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  6. 14-04-2008, 12:17 PM #36
    macduffy
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    Beach now hold 30% of BMG. From memory, when announcing the second 10% sale the company said something like " sale proceeds can be more profitably applied to our other projects " or words to that effect.
    I think the profit booked on that sale was AUD60m odd.

    Better look up the announcements for details.

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  7. 14-04-2008, 12:24 PM #37
    Huang Chung
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    Interestingly, they're selling down their stake in BMG (Oil), yet retaining a non-core holding in Ramelius Resources (Gold).......
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  8. 14-04-2008, 12:27 PM #38
    macduffy
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    Refer March 2008 Half Yearly update to shareholders.

    10% sold to Itochu on 9August, 2007 for AUD 123m

    10% sold to Sojitz Energy Aust on 29 Feb 2008 for AUD123m. Effective date will be 31 Dec 2007 when sale goes unconditional.

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  9. 14-04-2008, 03:58 PM #39
    Dr_Who
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    At what price should I put some of these away? It is on my watchlist as we speak.
    Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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  10. 14-04-2008, 07:41 PM #40
    Tok3n
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    This one looks like its heading towards previous support levels.

    Any fundamentals reasons to get into this one? +why they have invested in a junior like GOG?

    To me personally the whole mid tier ASX oil/gas plays don't look very attractive apart from maybe NXS (but they're not producing for a while)...I guess its a case of one lucky strike will change everything .

    Seems to be better leverage, value and opportunities going down a tier towards the emerging producers.
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