Australian (ASX) Stock Market Forum

SXY - Senex Energy

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Parse said:
Otherwise no news is good news and Senex can still make smal gains during October.
Click to expand...

I see EIG sold its 9% stake on 25th Sep …. 6% of that taken up by Regal Funds, RFM at 37 cents (UBS, Credit Suisse, Morgan Stanley, Merrill Lynch) ….. nothing too unusual in all that but I guess it sets a line in the sand …… Volume has been very tame apart from the bulk change of shares.
 
SXY - Delivers major Surat Basin Gas reserves upgrade!

https://www.asx.com.au/asxpdf/20200714/pdf/44khvh47wkcv74.pdf

FY20 achievements:

 80 well drilling campaign successfully completed
 All 80 wells brought onto production
 First gas production and gas sales from Atlas
 Daily production rate increased from ~7 TJ/day to now >37 TJ/day
 278% increase in total Surat Basin gas production to 7.2 PJ
 Roma North consistently producing above nameplate capacity
 Tracking rapidly towards initial production target of 48 TJ/day

Senex Energy Limited (SXY) will release its June 2020 quarterly report (Q4 FY20) tomorrow
Wednesday, 15 July 2020.

DYOR Cheers tela :)

SXY currently @24.5c +6.52%
 
SXY market depth is bullish

284 buyer's for 13,370,430 units vs 172 sellers for 7,379,034 units
 
SXY - market depth looking healthier/bullish now @25c +8.7% today!

299 buyers for 13,634,849 units vs 159 sellers for 7,295,770 units

Cheers tela
 
OPEC will roll back production cuts by 2.1 million barrels per day from August.

Crude stockpiles fell 7.5 million barrels for the week ending July 11.

The outsize draw propelled crude prices up by 2.2%

“Crude prices jumped (after) following both the OPEC+ recommendation to slowly bring back some oil supplies, and after the EIA crude oil inventory report showed a much larger draw and some signs that demand is improving,” said Ed Moya, an analyst at New York’s OANDA.

Another positive for the likes of SXY (I hold) no doubt.

https://m.investing.com/news/commod...draw-overwhelms-opec-rollback-on-cuts-2230471

Cheers tela
 
big linewipe hit in one go @29c ! we're into 29.5c

SXY target price upgrade:
• We upgrade FY20e EBITDA by 12% on stronger than expected revenues, and
reported net debt levels (cash conversion review). Our price target is +29% to
A$0.45/sh on a review of long term production forecasts to factor in reserves
upgrades (our Project Atlas DCF now captures 94% of 2P reserves).
• Macquarie 12-month price target: A$0.45 based on a NAV methodology.
• Catalyst: FY20 result on 24th August
Action and recommendation
• Maintain Outperform. We see 60% upside potential to our NAV-based price
target, which we expect to be realised as SXY delivers on its Surat production
growth, additional customer gas contracts, deleveraging and
reinvestment/capital program

Cheers tela
 
Telamelo said:
big linewipe hit in one go @29c ! we're into 29.5c

SXY target price upgrade:
• We upgrade FY20e EBITDA by 12% on stronger than expected revenues, and
reported net debt levels (cash conversion review). Our price target is +29% to
A$0.45/sh on a review of long term production forecasts to factor in reserves
upgrades (our Project Atlas DCF now captures 94% of 2P reserves).
• Macquarie 12-month price target: A$0.45 based on a NAV methodology.
• Catalyst: FY20 result on 24th August
Action and recommendation
• Maintain Outperform. We see 60% upside potential to our NAV-based price
target, which we expect to be realised as SXY delivers on its Surat production
growth, additional customer gas contracts, deleveraging and
reinvestment/capital program

Cheers tela
Click to expand...
SXY closed unchanged @28.5c on Friday, July 17, 2020, on 1.28 times normal volume. It was able to bounce off of its 200 day moving average, an important long-term support line.

https://asx.swingtradebot.com/equities/SXY:ASX
 
SXY looking pretty good this week, closed above resistance @ $0.355

I was late to the party and entered @ 0.33 but happy to hold and see if it can break $0.40

1610606482424.png
 
Quarterly out today and front page below.

SXY bouncing between 35 / 37c the last week so hopefully this can give it a little help up to 40c

1611269482585.png
 
Possible takeover of Senex Energy by POSCO International Corporation. Looks like a serious offer as they have been negotiating for a few months with three bids on the table during that time of $4.00, $4.20, and now $4.40.

SNX181021.png
 
Today shareholders voted in favour of POSCO takeover - nearly 94% in favour.

$4.60 per share or 57.5 cents before 8:1 consolidation. The average of my very small holding is nearly 34 cents.

Only this offer was made nearly 5 months later ?


Shareholders get paid out on April Fools day.

For a long time, I felt stupid putting money into this stock. Like a frozen deer looking into car headlights, I rode the ups and downs over the past 7.5 years.

Need to wait for April Fools day and hope this is not an April Fools joke. Another Australian asset sold overseas. Another company which was starting to build up its Gas reserves - sold off. SXY recently started paying dividends.
 
On April 4th, 2022, Senex Energy Limited (SXY) was removed from the ASX's Official List in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement between SXY and its shareholders in connection with the acquisition of all the issued capital in SXY by K-A Energy 1 Pty Ltd, the subsidiary nominated by POSCO INTERNATIONAL corporation.
 

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