Beach Energy (BPT)

Discussion in 'Stocks & Derivatives' started by scott_reeve, Dec 3, 2017.

  1. scott_reeve

    scott_reeve Active Member

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    [​IMG]
     
    scott_reeve, Dec 3, 2017
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  2. scott_reeve

    scott_reeve Active Member

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    BPT making new all time high last week. This stock has serious momentum, +49% since start of April 2018.
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    scott_reeve, May 20, 2018
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  3. barneyrubble

    barneyrubble Well-Known Member Silver Stacker

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    It may have momentum, however, none (ok not much) of it is related to fundamentals. It is backed by the price of oil and takeover murmurs. You are largely taking a bet on oil continuing to run.

    Senex, Santos, BHP. Woodside, etc all look fantastic this year.

    Don't get me wrong doubling you money in 12 months is never a bad thing. Just when will it end?
     
    barneyrubble, May 20, 2018
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  4. scott_reeve

    scott_reeve Active Member

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    Updated BPT weekly candle chart:

    [​IMG]
     
    scott_reeve, Sep 1, 2019
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