SXY 1.59% $3.10 senex energy limited

Takeover by Beach or Chinese?, page-29

  1. 541 Posts.
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    ID kept SXY cash positive throughout the rut in oil prices - other less strong hands have been hamstrung by high debt positions and lead to erosion of SH wealth... The strategy to only focus on high return oil plays was made very clear to all SH's (years ago - it was also made clear that field decline would occur, i.e. don't complain now for what was already known and made clear), with SXY choosing to conserve capital and focus on the gas assets after free carried finished... ID has made some excellent deals - and here we are now in a really good position to capitalise on these deals... If you pay peanuts you get monkeys...I think you need to look a little longer term than the last 18mnths to make a fair judgement on ID...

    18mnths ago - $50 USD oil price (-30% to current price)
    30mnths ago - $30 USD oil price (-60% to current price)

    Also for the life of me I cannot understand the statement about poor SP performance, up 3 fold since the lows of 2016 (the same time ID was conserving capital)... I don't know about you, but I picked up lot at 15c (averaged down from initial 60c entry) and right now I'm really pleased with the direction of the company.

    End of year report will tell I suppose, lots of news flows in the pipeline over the next 3 months.
 
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