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Is Beach (BPT) worth holding?

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Question asked 23/07/2021

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

Answer

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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Beach Petroleum (BPT)

LAST UPDATED 23/07/2021 16:45

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