Australian (ASX) Stock Market Forum

SXY - Senex Energy

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Edwood - you misunderstand me. I know that S3XY is not rising in line with rises in oil and gas prices. It is rising because it is coming into meaningful production at long last. Oil in the short term and CSG in the longer term (and maybe unconventional gas in the longer term as well). What I want to know is, given what production will probably be and what reserves S3XY has, what is a reasonable share price.

The stock certainly had a good day today which makes me very happy as I have quite a bit of it.
 
glad to hear Knucle, been a good couple of days alright!

sorry I can't help with a target valn.
But current price action looks a bit toppy - would like to see it hold up for another push higher, but with the 1:1 about done, reasonable chance we'll head back into the low 60's
 
Edwood said:
glad to hear Knucle, been a good couple of days alright!

sorry I can't help with a target valn.
But current price action looks a bit toppy - would like to see it hold up for another push higher, but with the 1:1 about done, reasonable chance we'll head back into the low 60's
Click to expand...

What's a "1:1"?

Shares touched 80 cents again today. I have not yet looked at what they finished at. I don't think they will go below about 70 cents.
 
here's the 1:1 Knucle - could see higher but target nearly complete otherwise - could see another push higher. if its not a decent drive then risk is previous support. (I hold SXY btw)

5m09bd.jpg
 
In the AFR today with takeover speculation. They have been well media'd lately and now everyone wants a bit in case there is a takeover offer. Additionally they stand to have some very large resources at their command and just the idea of that is very attractive to some of the companies from Canada and the US that have some experience in alternative gas technology. Probably about 10 3b's waiting to be posted.

Combined with DLS, BPT, ICN you would think the market was performing like a bubble right now.
 
"Probably about 10 3b's waiting to be posted."

What does this mean? What is a "3b" and what is a "3b" doing when it is "waiting to be posted"? :confused::confused::confused:
 
Knucle said:
"Probably about 10 3b's waiting to be posted."

What does this mean? What is a "3b" and what is a "3b" doing when it is "waiting to be posted"? :confused::confused::confused:
Click to expand...

An appendix 3b is posted when there is a substantial share transaction or issue etc.
What I am trying to say is that there seems to have been some very aggressive and large parcel buying lately, and hence the expectation that we will in turn be notified of some large transactions over the past weeks. Of course this means nothing as the buying has already occurred as you can see in the stock movement....

Awaiting further action.
 
I think it would be fair to say that the SXY share price is on the move again though I don't know the reason for the rises in the last week. Were there new estimates to be released for gas and oil reserves held by the company?
 
Interesting day again. I got in on 20/2 and out today. Nice 2.5R profit in 2 days.

Is it likely going to struggle to go higher with that much selling today? It shot up to $1.075 fairly quickly today, back down to $1.01, up to $1.06 and then closing at $1.025.

I'm sitting back and watching the next move.
 
Knucle said:
I think it would be fair to say that the SXY share price is on the move again though I don't know the reason for the rises in the last week. Were there new estimates to be released for gas and oil reserves held by the company?
Click to expand...

its on a solid run alright Knucle, great to see. todays spike might mark the top of the move for a bit now and we will likely see some consolidation, but otherwise definitely looking strong.
 
Reader Please Note:- I hold SXY shares so if you buy them you may be benefiting me ...

I am not so sure we have reached the top of the run. I think the December Quarter Report said that new resource evaluations were to be released in February. If this is the case then the recent drilling that has gone on (and which is continuing to go on) could mean a significant lift in estimates of resources in place. This would give things a real kick along I'd think. In addition, the extra Growler wells coming on line have got to be good for production and may mean that 700,000 barrel target for FY11/12 will be exceeed. These things plus high oil prices and talk of take-over and the evaluation of shale gas reserves as well as the chance of new fields being found should keep interest high. My guess (it is a guess) is that we will see $1.30 being paid for shares before 20 March. Does anyone want to put in a counter guess?

I hold shares in this company and increased buying interest may benefit me.

:D:D
 
so what the funk happened today then? someone kick the plug out?

Looking like the start of the bend at the end, likely time to hop off the trend
 
Big jump this morning with a decent amount of volume? What do you guys think? It's up almost 20% over the past few weeks.

I think the combination of the good results at Kato plus the pending testing in the Cooper Basin might be keeping it going?

I hold a small parcel.
 
So Edwood, I was a little over optimistic but not by much. I had predicted $1.30 by today but the market only managed $1.22. I am not sure what today's surge was about. However, it is about time that the latest Cooper Basin exploratory hole reached its maximum depth. If we get good news on that or on any number of other things in the next few days we might get to $1.30. We still have not heard about the reserve upgrades which the company's quarterly report had said were coming.

I hold shares in Senex. Please don't decide to buy, hold or sell Senex shares based on my comments.
 
Two broker upgrades have helped the price. RBS Morgans say BUY up to $1.25.
One fund manager I spoke to bought a stack of these around 40c. I asked him what other oil/gas plays he liked. Only buying one other stock at the minute. EXE. He reckons it's a 10 bagger for sure. Keep an eye on it over the next 12 months.
 
chakvetadze said:
Two broker upgrades have helped the price. RBS Morgans say BUY up to $1.25.
One fund manager I spoke to bought a stack of these around 40c. I asked him what other oil/gas plays he liked. Only buying one other stock at the minute. EXE. He reckons it's a 10 bagger for sure. Keep an eye on it over the next 12 months.
Click to expand...

lets hope we don't see the 'curse of the broker 10-bagger' then... :)
 
I just bought at close today, so I hope the 1.50 comes about!

SeXY Snatcher... it's all making sense.

Inclusion in asx 200 means some much bigger trade sizes going through. Price not really impacted as yet.
 
good luck GB, didn't realise it was coming into ASX200, SXY could get going then.

Mrs Ed wants a new kitchen so SXY had to go (I wear the trousers in our relationship albeit under my apron :) )
 

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