My wrap up:
Analysts were all quite happy with the progress at WSG and also the transfer of the BPT free carry.
Some of the Analysts (along with ID and Beach) seemed quite/very bullish on Horizontal drilling being transformational for the Cooper Basin, in which SXY has a LOT of acreage.
POO hedging puts are quite cheap and attractive at the moment, most oil over the next 12 months has a floor price via puts.
FID for WSG wont be far away just need financing and final Regulatory approvals for full field FID.
Senex is looking at buying into Otway 30% that is on the market, definitely wont be overpaying if they do bid due to no shortage of internal growth/capex options.
SXY Price at posting:
40.5¢ Sentiment: Buy Disclosure: Held