BPT

BPT must be one of the most "despised" mature oil and gas stocks on the market.  STO is in the same club but STO has a mixed bag of good and bad announcements.  But BPT has been pumping out great statements.  It has not discovered billion barrels of oil anywhere; it is progressive plodder.  Even when it announces that things are looking up, the ASX has no faith in its prediction.

Yet when you look at today's article in The Australian (if you are a subscriber), you will note that the big boys are knocking at its door to join in at its Tanzanian adventure.  The average fund managers and retail investors might not be keen but the companies with interest in O&G are.  Hopefully, this will reflect in some outperformance in its share price.  Often you have to wait until an oil discovery is announced; and not just a piddly one.

I have purchased 11 parcels of this stock, last one in Aug 2012 when a good profit announcement was met with disdain.