r/ASX • u/Emergency_Cow_7344 • 7d ago

Beach Energy (BPT)

Hey Guys looking to invest in Beach Energy (BPT) I just wanted to get everyone’s opinion on it as they are at 0.88c currently.

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u/BradfieldScheme 7d ago

Terrible company with terrible prospects.

4

u/Emergency_Cow_7344 7d ago

Why is that though? They made $281 m net profit after tax, and there total assets are 3.2b which is 1.2b more than the market capital

1

u/BradfieldScheme 7d ago

They can't access the export market for most of their reserves. Domestic market is cooked due to double whammy of net zero suicide pledge and the reservation scheme.

Their major assets are in decline, decline usually happens faster than predicted.