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Thoughts on BPH Energy please

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Thoughts on BPH Energy please

The government has released an important position paper regarding gas strategies. https://consult.industry.gov.au/future-gas-strategy. Clearly this has had an impact on BPH Energy Ltd resulting in considerable share price growth over five days. How do you see this policy impacting the gas industry and are there other beneficiaries besides BPH? BPH is centred around the PEP11 petroleum lease which is a hot potato. So where to now?

Answer

Hi John,

We aren’t really across this $46mn WA based oil and gas exporter hence we’re inclined to be “led by the tape”.

  • BPH has been trading around 2c for the last few years except for a couple of failed forays towards 6 and 7c hence we have to adopt a neutral outlook at this stage. Sorry not to be much help here John, the wider debate on gas is a very complex one.
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BPH Energy Ltd (BPH)
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