From SeekingAlpha..
Summary
Under pressure of low oil prices, Senex Energy faced several years of mediocre performance: decreased revenue, impairments and losses.
Changed commodities market sentiment has begun to heal the income statement, but the top line still comprised only 41% of the stellar FY 2014.
Operating cash flow turned positive. FCF was negative.
The rebalanced portfolio has its price: impairment non-cash expense resulted in a A$94 million loss.
Liquidity is amongst the strongest in the industry. Robustness of the balance sheet inspires confidence
Full report...
https://seekingalpha.com/article/4212198-unique-senexs-2018-annual-report?dr=1
