BPT is high Beta stock leveraged to the oil price which is illustrated by its 23% pullback while the whole sector took a breather over recent weeks. At the end of January, the company released its 2nd quarter which was down 3% compared to the same time last year which combined with the COVID inspired plunge in oil over the last year saw a more than 25% plunge in revenue – its why the stocks no longer knocking on the $3 door.
MM likes BPT at current levels, but we are mindful of its volatile nature
Add To Hit List
