Is Beach (BPT) worth holding?
Bonjour James,
Is it worth keeping BPT as a long hold? What are its future prospects? Any suggestions as to alternatives?
Merci Indran
Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Bonjour James,
Is it worth keeping BPT as a long hold? What are its future prospects? Any suggestions as to alternatives?
Merci Indran
Hi Indran,
Beach Petroleum (BPT) has endured an awful few years with its April downgrade keeping the stock well below 50% of its pre-COVID level. At some stage the stock will bounce strongly but we don’t like the deterioration in their assets. MM prefers Santos (STO) in the sector hence our purchase this week.
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