Quarterly Conference Summary, page-55

Price crash due to results?

https://www.fool.com.au/2018/10/29/3-speculative-shares-brokers-think-you-should-take-a-look-at/


Senex Energy Ltd (ASX: SXY)

With a $559 million market cap, Senex Energy Ltd is an emerging player in the oil and gas space – focused on energy sources in Australia’s Cooper, Eromanga and Surat Basins.

Senex is one of Morgans current top stock picks, with scalable gas reserves linked to east coast infrastructure giving it good “corporate appeal” according to the broker.

Morgans has an add rating on Senex right now, despite the stock dropping from its 52-week highs of 52c per share in early October to sit at 38c per share at the time of writing.

The Senex share price fell heavily off the back of its September quarter report, but those in the know are backing it, with Citi also placing a buy rating, albeit a high risk one, on the stock earlier this month with a 56c per share price target.

Senex is certainly worth a look, particularly on this downturn, but the overall oil and gas sector is volatile at present so the consensus here is to tread carefully and do your due diligence.