Don't take notice of broker reports much... but here is the latest from Morgans..
Morgans rates SXY as Add (1) -
Morgans believes the deal with infrastructure operator Jemena de-risks an essential element of Project Atlas and almost halves the required capital expenditure.
The broker envisages significant potential for Senex to now strike a similar deal on WSGP, which could unlock further upside that is not represented in forecasts. An Add rating is maintained. Target lifts to $0.53 from $0.51.
Target price is $0.53 Current Price is $0.43 Difference: $0.1
If SXY meets the Morgans target it will return approximately 23% (excluding dividends, fees and charges).
SXY Price at posting:
44.0¢ Sentiment: Buy Disclosure: Held
