SXY 1.59% $3.10 senex energy limited

Ann: March 2018 Quarterly Report, page-18

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  1. 1,360 Posts.
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    My wrap up:
    Analysts were all quite happy with the progress at WSG and also the transfer of the BPT free carry.

    Some of the Analysts (along with ID and Beach) seemed quite/very bullish on Horizontal drilling being transformational for the Cooper Basin, in which SXY has a LOT of acreage.

    POO hedging puts are quite cheap and attractive at the moment, most oil over the next 12 months has a floor price via puts.

    FID for WSG wont be far away just need financing and final Regulatory approvals for full field FID.

    Senex is looking at buying into Otway 30% that is on the market, definitely wont be overpaying if they do bid due to no shortage of internal growth/capex options.
 
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