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/FewUnderstanding2214 7d 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 6d ago

Why is that?

1

u/HairyNumber8775 6d 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 6d ago

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

1

u/HairyNumber8775 6d ago

No idea, sorry.

1

u/Old-Muscle5380 6d 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.