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  1. #51
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    Good results from Basker 6A, described by company as an " outstanding test result."
    Just a pity that BPT has sold down its interest in the BMG field from 50% to 30% over the last few months!


  2. #52
    Guru Dr_Who's Avatar
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    At least they still have 30% lol. Maybe thats why the market is discounting them.

    disc: BPT holder
    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.

  3. #53
    Guru Dr_Who's Avatar
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    Is it me or does the BPT graph look good?

    Any chartist can advice? I am not much of a chartist.
    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.

  4. #54
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    Quote Originally Posted by Dr_Who View Post
    Is it me or does the BPT graph look good?

    Any chartist can advice? I am not much of a chartist.
    I'm not strong on T/A either but to me it looks like BPT has traded sideways for the best part of 2 months?


  5. #55
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    Actually...it's closer to two years.
    Disclaimer: Do not take my posts seriously. They are only opinions.

    AMR has sold all shares and is pursuing property.

  6. #56
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    Quote Originally Posted by AMR View Post
    Actually...it's closer to two years.
    H2so4 - as requested

    BPT had been bouncing around the $1.30 SP for a while, but note the SP is now above the short term 20 day MA (bullish IMO)

    Todays ann gives us a clue.... (SP closed at $1.405)

    http://www.stocknessmonster.com/news...E=ASX&N=166274

    Not to mention the rising price of oil (BPT has a history of increasing production & looks to be expanding its production)

    I also gather the whole CSG sector has started being re-rated on the back of the British Gas approach to Origin.

    BPT own 40% of the Tipton West CSG project with AOE (60%).

  7. #57
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    I did say BPT is looking good.

    I think there maybe an upgrade for BPT. Even without upgade the valuation is around $2.00.

    disc: BPT holder
    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.

  8. #58
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    Quote Originally Posted by Dr_Who View Post
    I did say BPT is looking good.

    I think there maybe an upgrade for BPT. Even without upgade the valuation is around $2.00.

    disc: BPT holder
    I hope you're right!
    My experience as a long term holder is that BPT has underperformed the sector. I hope its not just having a bit of a run on the strength of the price of POO, as so many other O & G companies are.

  9. #59
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    Congrats to all the BPT holders who bought earlier this month around 120, you are now up 20%.

    From the chart it seemed there was a lot of selling pressure which has now abated. Was there any mention of Opes prime by management?
    Disclaimer: Do not take my posts seriously. They are only opinions.

    AMR has sold all shares and is pursuing property.

  10. #60
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    Thanks AMR. I dont think BPT was affected by Opes.

    I bought at around $1.20 based on fundamentals of higher oil price and valuation of $2.00 by CBA. I may sell some to trade and some for long term.
    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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