Like the number, but why have to wait until annual results? It is now only 14c away to $1.60, which will be break before QR next week. If that breaks, the next target for me is $2 in May.
People may not realize that BPT is the biggest oil producer in Australia, and benefit the most on rising oil price. The realized poo for H1 was US$67.5 (or A$87.5 ), when the average spot poo was $57 between July and Dec 2017. It it can maintain the same premium, the realized poo for Q3 should be around A$100 (or US$77). Do not understand how they did that. A lot of cash will be.
Like the number, but why have to wait until annual results? It...
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