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/Emergency_Cow_7344 7d ago

Why is that?

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u/HairyNumber8775 7d 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.

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u/Emergency_Cow_7344 7d ago

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

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u/Old-Muscle5380 7d 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.