Club Mulgoa

Monday, February 24, 2014

BPT

In 2008, when it discovered an oil field in Egypt, I bought extra shares in BPT at $1.515 each.  It has been a miserable course since then with the GFC moving in.  That was the most expensive parcel of my BPT shares.

And in the recent past, BPT has been announced increased reserve, increased production and further successes (and failures, too).  Even more blatant, it even dared to announce a rise in profit.

So why is it such a surprise today and the share price jumped?  But like most stocks, I expect the share price to fall again tomorrow.  Investors memory is very poor.

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