SXY 1.59% $3.10 senex energy limited

Ann: Gemba-1 Gas exploration well, page-28

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  1. tui
    4,837 Posts.
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    Philthy35,
    It is a filthy market on a filthy rainy no golf day. Makes me glad I did not take out a mortgage a year ago at 34 cents. Although 3 months ago at 51 cents I was smiling. Would love to get one now .

    SXY has good oil hedging and a big future in gas. But it is what it is and once the margin guys get called, it turns into carnage.

    Remerez,
    Trump really played the Saudi's . Got them to open the taps in preparation for strict oil sanctions against Iran....and then gave Iran a waiver for 6 months!! So we have a temporary 'supply glut' . Wait for the knife to rest on the floor and then load up.

    Fortunately SXY is a growth company looking to quadruple its production over the next few years. Oil will bounce strongly in April next year...I hope. ....And gas looks really good for a long time. Consumption is surging worldwide.

    2019 should be a big year for Senex....2020 certainly will be.

    Merry Christmas to all.
 
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