Conference Call, page-4

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marco33

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20/02/19

13:10

Post #: 37500035
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Originally posted by drg: ↑

Couple of broker reports after yesterday...

Citi rates SXY as Buy (1) -Citi finds the interim report release proved in-line with expectations, with the analysts retaining a positive view regarding technical hiccups at the Roma project.The analysts suggest investors simply need to be patient. Reserves will grow in QLD in time, state the analysts. Buy rating retained. Target price increases to $0.53 from $0.48.

Macquarie rates SXY as Outperform (1) -First half net profit beat Macquarie's expectations. The broker observes a number of catalysts relating to Project Atlas are likely over 2019, including contracting CPI-linked gas and first volumes.The broker believes the business continues to offer promise as it transforms into a gas company.Outperform rating and $0.50 target maintained.Target price is $0.50 Current Price is $0.36 Difference: $0.14

Morgans rates SXY as Add (1) -Senex Energy's first-half result fell short of the broker on some metrics and outpaced on others. Morgans notes the stock is well positioned to ramp up in the second half with plenty of projects in the pipeline.Target price edges up to 57c from 56c. Add rating retained.Target price is $0.57 Current Price is $0.36 Difference: $0.21 If SXY meets the Morgans target it will return approximately 58% (excluding dividends, fees and charges).

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Someone liked the brokers reports.. things will get very interesting when we clear the 52wk high.

SXY Price at posting: 38.0¢ Sentiment: Buy Disclosure: Held
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Conference Call, page-4

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