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1.59%

$3.10 senex energy limited

Are the stars aligned for Senex?.....impeccable timing for...

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Dr Feelgood

1,269 Posts.

25

30/07/18

17:16

Post #: 34629772
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Originally posted by CEOChair ↑

No harm in having the biggest debt facility you get offered. In theory it’s a facility you can utilise at will, you only pay interest on what you currently use. However, clearly Senex no longer require as large a facility as originally mooted, as they don’t have to build the $140m downstream infrastructure that Jemena have agreed to provide for Project Atlas. Still, if EIG are game, why not set it up to the max? US$300m /A$400m is sure to come in handy at some point...
More interesting for me is whether EIG have further ambitions for SXY than a 12% stake. They have had no luck elsewhere, no deal on STO. I think they need to move now, otherwise they run the risk of someone else doing so.

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Are the stars aligned for Senex?.....impeccable timing for financing with what is expected from here...according to this analysis now is the time....

https://www.cnbc.com/video/2018/07/26/these-two-charts-suggest-buying-crude-oil-selling-bonds.html

SXY Price at posting: 41.0¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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