IMO Santos will buy SXY , BUT only once Senex have spend money developing the 2 gas fields and put in all the infrastructure. So we are talking late 2019 IMO. That's assuming its cheaper to buy SXY than keep paying for the gas needed for GLNG from SXY. My guess we'd be talk circa 80c to $1 price range.
Whilst we wait to see IF this play eventuates, you can still anticipate a 100% increase in the SP by end 2019. IMO. Again assuming the gas flow rates are there .... in WSGP and Atlas.
Although i do trade this stock, I am still happy to hold all my long positions.
I am looking forward though to more disclosure from ID , once we get the FY19 / 20 forecast and confirmation of financial close from ANZ for the $150m lend.
SXY Price at posting:
48.5¢ Sentiment: Buy Disclosure: Held
