Canaccord turns bullish on Senex Energy, viewing its 25-year deal with pipeline operator Jemena as a potential template that it could use for other big developments. Yesterday's deal will see Jemena fund A$140 million of infrastructure spending at the Atlas project, including a gas plant and 60-kilometer pipeline. Canaccord thinks this build-own-operate model could also work for Senex's Western Surat Gas Project in Queensland state. Indeed, management said it would be remiss not to explore the option further.
SXY Price at posting:
43.0¢ Sentiment: Buy Disclosure: Held