Beach Petroleum (BPT) Shares Recommendation

Submitted by Craig Strzelecki on Thu, 03/08/2006 - 11:21.

Merrill Lynch have rated the Beach Petroleum (BPT) stock as a Buy, Medium Risk. The company has increased their annual production for the fifth straight year. Although the company's source - Cooper mature, the broker still sees some upside from project expansion, exploration as well as the commercialisation of gas.

Beach Petroleum Limited is listed on the Australian Stock Exchange (ASX) under stock code BPT. You can view their investor website here. The company is involved in oil and gas exploration, development and production, and investment in the resource industry and was listed on 30 June, 1972. Check your charts!

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