Clearly SXY is extremly undervalued given all the facts about the global pending energy crisis.
We are at a tipping point while the biggest win for Australian E&P companies is that our costs are in AUD but LNG is priced in USD and going up daily, especially as the Iranian squeeze starts to hit oil production / supply. US crude up another 1+% overnight.
https://www.smh.com.au/business/mar...s-dollar-put-pressure-on-20181003-p507hn.html
Brent to break $AU 110, page-37
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