SXY 1.59% $3.10 senex energy limited

Ann: Trading Halt, page-28

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  1. 15,767 Posts.
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    Thanks, Rolla. Now I check, it seems that’s correct. Was some reporting such as this that gave the impression:
    “EIG has taken a stake of at least 12 per cent directly in Senex and has agreed to provide up to $US300 million ($397 million) of debt funding to take the venture forward.”
    https://www.copyright link/business...es-eig-global-energy-partners-20170131-gu2pwk
    Think I’ve taken future Anns regarding whole of company financing to mean some kind of expanded version of this, but in fact it is this and it’s taken this long to get to this point, is that right? Moment of clarity...

    BTW, while checking this, came across this Morgans research - probably posted before but worth considering their view that: “We see securing debt funding (target mid-18) will be an important catalyst to ease any market fears of dilution risk.”
    https://my.morgans.com.au/research/...Investment-Watch-April-2018&utm_content=page7
 
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