Price in a prime zone for buyers to build a base for a run higher

Potential Buy Entry Alert to Watch BPT

Time Frame : Daily/Weekly

Sector : Energy

Key Stats : $4.47 Billion Market Cap, VWAP 1.965, ASX Ranking 92, 4 Week Av Turnover $20,864,899, Current Turnover (Intraday as at time of alert) $430,124, PE 11.6, Div Yield 1.02%.

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

BPT – Beach Energy Limited

BPT is showing some early signs that longer term investors may be dipping their toes in the water as price is in a prime position to build for a leg higher. Wed are now watching for volume to pick up and further work to be put in from the buyers to start to support price and build the base for the leg up through 2.25.

Stock Code : BPT – Beach Energy Limited

Company Website : www.beachenergy.com.au

Current Price : 1.95

Status : On watch for potential higher low and push up through 2.25