Jabin Hallihan of Morgans reckons SXY is an overall buy, see...

Jabin Hallihan of Morgans reckons SXY is an overall buy, see below regardless of Project Atlas

Senex Energy (SXY)

Chart: Share price over the year

Focuses on operating and developing energy sources in Australia’s Cooper and Surat basins. SXY has reserves, funding and a good management team. We believe SXY remains a takeover target given appealing assets and an attractive balance sheet. We expect the market will gain confidence in SXY, as it progresses its drilling programs in the Surat Basin this year.