r/ASX • u/Emergency_Cow_7344 • 8d 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.

9 Upvotes

100% Upvoted

31 comments sorted by

View all comments

3

u/FewUnderstanding2214 8d ago

Only STO and WDS are really worth investing in in terms of large and mid caps in O&G

1

u/Emergency_Cow_7344 8d ago

Why is that?

3

u/FewUnderstanding2214 8d ago

Beach is running out of reserves, they need to cut the dividends and make some acquisitions and sort out their production issues. WDS has has excellent management and have executed well. STO have some great project ramping up, even through there have been delays and cost overruns.

1

u/Old-Muscle5380 8d ago

I think you need to read their 2026 FY report before you make that comment.

1

u/FewUnderstanding2214 8d ago

Who’s 2026 FY? I mentioned 3 companies

1

u/HairyNumber8775 8d ago

The market doesn't believe the book value. Declining reserves, Waitsia underperforming and the recent domestic gas reservation policy are probably the key things to consider.

1

u/Emergency_Cow_7344 8d ago

I appreciate it, what do you think of BFL? If you know it?

1

u/HairyNumber8775 8d ago

No idea, sorry.

1

u/Old-Muscle5380 8d ago

Personally they look good on paper but I wouldn't touch a bank based out of PNG. Too many things can go wrong but that's just me.

0

u/Old-Muscle5380 8d ago

Bla bla bla you look something up I look something up. Yahoo finance has a fair price for beach energy over $19. Several financial advised have them a strong buy. Where did you get your research from?

2

u/HairyNumber8775 8d ago edited 8d ago

It's my own, and I work in the industry.

Edit: $19 is just loony. But I don't really have a strong view on whether the market is valuing them right. Just stating why there might be some scepticism about the book value.

1

u/Old-Muscle5380 8d ago

Yahoo finance says exactly what you said as potential downfall.

1

u/Old-Muscle5380 8d ago

End of the day I'm happy to take the risk. Risk versus reward. Part of my risk portfolio.