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1.59%

$3.10 senex energy limited

Ann: 2018 Annual Reserves Statement, page-39

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CEOChair

15,767 Posts.

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01/08/18

11:10

Post #: 34665838
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Originally posted by drg ↑

From citi..

0031 GMT - The near 10% rally in Senex Energy's shares yesterday may not have fully priced in the extent to which reserves at its Atlas natural-gas project could increase, Citi suggests as it lifts call on the stock to buy from neutral. A review of the geology around Atlas reassures the investment bank that the energy company can unlock its reserves target, while a deal on infrastructure and a new debt facility reduce project risk. Citi's target on the stock climbs 27% to A$0.57, but it reckons at spot oil the valuation could rise to A$0.65. The stock is up another 2.2% this morning to A$0.45.

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Upgrades like these, there is simply no way it won’t smash through resistance this week. Consider it gone.

SXY Price at posting: 46.5¢ Sentiment: Buy Disclosure: Held
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