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Potential Buy Entry Alert to Watch BPT – Update
Time Frame : Weekly
Sector : Energy
Key Stats : $5.47 Billion Market Cap, VWAP 2.42, ASX Ranking 83, 4 Week Av Turnover $12,947,364, Current Turnover (Intraday as at time of alert) $2,391,977 (as at 11:25am), PE 9.5, Div Yield 0.83%.
Broker Consensus : HOLD
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BPT – Beach Energy Limited
BPT has put in some groundwork the previous few weeks to hold up above 2.30. We are looking for a break higher to confirm that buyers are looking to take price up through 2.80 highs. Watching for an increase in volume on the push up and then the higher low for the entry setup.
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Stock Code : BPT – Beach Energy Limited
Company Website : www.beachenergy.com.au
Current Price : 2.435
Status : On watch for potential higher low and push up through 2.80
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Alert History
Previous Alert 26/12/19
Potential Buy Entry Alert to Watch BPT
Time Frame : Weekly
Sector : Energy
Key Stats : $5.33 Billion Market Cap, VWAP 2.38, ASX Ranking 84, 4 Week Av Turnover $14,673,784, Current Turnover (Intraday as at time of alert) $, PE 9.2, Div Yield 0.86%.
Company Overview : Beach Energy Limited (BPT) is an oil and gas exploration and production company based in Adelaide, Australia. It has operated and non-operated, onshore and offshore, oil and gas production from five producing basins across Australia and New Zealand and is a key supplier to the Australian east coast gas market. Currently, the flagship operations are located in Cooper/Eromanga Basins and New Zealand.
Broker Consensus : HOLD
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BPT – Beach Energy Limited
BPT has found some buyers around 2.25 after price has retreated from the highs. We expect that there is more action to come before buyers can build the confidence for a move up so we are now watching for a lift in volume and a higher low to build for the entry setup.
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Stock Code : BPT – Beach Energy Limited
Company Website : www.beachenergy.com.au
Current Price : 2.385
Status : On watch for potential higher low and push up through 2.80
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