SXY - Senex Energy

bit of divergence on the MACD & RSI, might see SXY come off a bit

Yes looking a touch weak today Ed. Would like to see a break above 1.20 by next week.

A few good announcements by Senex should see some positive growth over the coming months.

At least we all hope

I'll take a look at buying back in around the 80c mark
Oil price dropping, and a placement at 102c not helping

As a fellow investor I'd like to see it not go back under 80c however be that the case I may have to splurge the account and treat myself to sumore.

At the moment I think it be likely.

I can remember when VPE went from 12c to 24c in a couple of days - then cr4pped itself over a period of years
I hoep this is not a case of a SXY new code fooling the masses before the same eventuality

daily candle well outside the bolly meaning there could be a short-term bounce, but on the weekly the lower bolly is closer to that gap around 65c.

Senex have been busy cap raising and pumping out news of oil prospects.

Out today.
http://www.asx.com.au/asxpdf/20120622/pdf/426zp8h142lv25.pdf
Senex Energy Limited (Senex) is set to commence a two well oil exploration program with Ambassador Oil and Gas Limited (Ambassador) following the release of the Century Drilling Rig 3 from the Talaq-1 well site following successful completion of drilling and casing. Talaq-1 is now suspended awaiting fracture stimulation.

Century Rig 3 is currently rigging up at the Shocking-1 well site in PEL 516 (Senex: 100%), 65 km south-east of Moomba. Shocking-1 is the first of two conventional oil wells to be drilled in joint venture with Ambassador following the execution of a farm-in agreement.

The Shocking-1 well is targeting mean recoverable oil potential of greater than 250,000 barrels of oil primarily from the Murta, McKinlay, and Birkhead formations. Secondary targets include the Mid-Namur and Hutton Sandstone formations.

Under the terms of the farm-in agreement, Ambassador will pay 100% of drilling costs to earn a 60% interest in each successful prospect. Following the drilling of Shocking-1, Century Drilling Rig 3 will move to the second farm-out well location, Kruger-1 (refer attached map).

Also out today.
http://www.asx.com.au/asxpdf/20120622/pdf/426zh3pndysktk.pdf

Senex Energy Limited (Senex) has been advised by Santos Limited, the operator of the ATP 752P joint venture in the Queensland Cooper Basin, that the Cuisinier-5 oil appraisal well has been cased and suspended as a future oil producer after successfully intersecting a 12.8 metre gross oil column.

The Cuisinier-5 appraisal well spudded on 10 June 2012 and reached a total depth of 1,751 metres on 13 June 2012. Wire line logs confirmed the presence of a 12.8 metre gross oil column in the oil-bearing sands of the
Murta Formation over the interval 1,632.0 to 1,644.8 metres with interpreted net oil pay of 2.0 metres.

Cuisinier-5 is the second of four wells to be drilled in the Barta Block in the current drilling campaign. Cuisinier-6, the next well in the schedule, is expected to spud this weekend, and will be followed an exploration well.

Saxon Rig 184 has now mobilised to the Cuisinier-6 location, approximately 1,300 metres northeast of the Cuisinier-1 discovery well. Drilling of the well is scheduled to begin on the 23 June 2012, targeting a total depth of 1,754 metres.

They have also completed the institutional portion of $155m cap raising.
http://www.asx.com.au/asxpdf/20120621/pdf/426yqzqsw4rc7p.pdf

KEY POINTS
 The Institutional Placement closed well oversubscribed with strong support from both existing shareholders and new investors
 The Institutional Entitlement Offer was also strongly supported by eligible institutional investors, and the small shortfall was covered many times over
 The fully underwritten Retail Entitlement Offer will open on Wednesday, 27 June 2012 and will raise approximately $77 million, inclusive of The Sentient Group’s commitment for its 16.6% entitlement under the Retail Entitlement Offer

Edwood said:

daily candle well outside the bolly meaning there could be a short-term bounce, but on the weekly the lower bolly is closer to that gap around 65c.

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there's 65c hit today & gap filled. If SXY can put in a low here it could be a good sign with divergence on the MACD & RSI.

Gringotts Bank said:

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.

Click to expand...

What happened to the $1.50?
All very quiet on this thread soon as the sp started tanking.
Anyone still holding?
I'm looking at the charts and thinking a buy at this point. I'd be interested to know what boogo or tech thoughts on this would be if they happened across this thread?

should fill the gap to 85c & challenge 1.00 again Janga. If it can clear a buck 1.10 is possible. Plenty of divergence on the indys - dyor etc

jancha said:

I'm looking at the charts and thinking a buy at this point. I'd be interested to know what boogo or tech thoughts on this would be if they happened across this thread?

Click to expand...

This was actually one of five that I saved a screen capture of on the 26th June.
It was a nice retracement of between 50% and 61.8% of the last run up but I tend to prefer the wave C to be closer to the lenght of the wave A.

I placed it in a watchlist but had a few better opportunities present themselves, nice potential target area though.

Cheers boogo

(click to expand)

nice one boogo - whats the pink box below? if RSI turns below 50 (daily) we could be seeing that box

Edwood said:

nice one boogo - whats the pink box below?

Click to expand...

That is the typical Wave C target, ie one of three, Minimum, Typical and Maximum.
I usually prefer if the downtrend stabilises around the typical (pink), tends to be more reliable.

more than 50% retrace from the high - I don't follow news or announcements on SXY, have they made any justification for the collapse? pretty poor form imo if they haven't

Edwood said:

more than 50% retrace from the high - I don't follow news or announcements on SXY, have they made any justification for the collapse? pretty poor form imo if they haven't

Click to expand...

There are hundreds of charts that look like this over the last 6 month timeframe. Actually most don't have the initial rise that SXY did over the first half of the 6 month period, so at least there was an opportunity to make money here.
I would put the fall down to market sentiment, as with most other stocks.

Up on speculation, down on fundamentals is the order of the day, Senex is but one to be hit hard in what has been somewhat of a bubble for this type of energy requirement.
The high capital requirements and the lack of profits as yet forthcoming, not to mention the environmental drawbacks are beginning to hit home now.

Indy-1 coal seam gas exploration well delivers good results


Senex Energy Limited (Senex), as Operator of the Queensland ATP 771P joint venture, advises that the drilling and testing results for the Indy-1 coal seam gas (CSG) exploration well have indicated good coal and carbonaceous shale thickness with good permeability.
Indy-1 was drilled to investigate the CSG potential of the Walloon Coal Measures in the north western region of the Queensland Surat Basin, approximately 36.5 kilometres south of Injune.
The well was spudded on 24 July 2012 and reached a total depth of 350.6 metres. Almost 275 metres of core was collected, with 10 coal and carbonaceous shale core samples currently being analysed for gas content, composition, saturation and other attributes.
During the coring of the Walloon Coal Measures 7.3 metres of net coal in the Juandah and Taroom Coal Measures was intersected along with 5.3 metres of net gas bearing carbonaceous shale.
In addition, four successful drill stem tests were conducted over intervals in both the Juandah and Taroom Coal Measures to evaluate the potential for gas deliverability, with good permeability recorded. The rig has now moved to the Indy-2 location and spudded on 6 August 2012.
Senex holds a 45% interest in ATP 771P and the neighbouring ATP 593P and is Operator.

http://www.asx.com.au/asx/statistics/announcements.do?by=asxCode&asxCode=sxy&timeframe=D&period=W


Hornet-1 flows at over two million cubic feet per day


Pre market spike then falls????????????/

can anyone illuminate on this for me

Technical sentiment is quite positive and improving. Looking for a move over 0.77.