Kerry,
It has been a very gloomy time as the oil price heads downwards. The best part of all this is that SXY are still proving up most of their big gas asset base and can look forward to a very good Australian priced gas business that should remain strong for 20 years plus. And today's oil environment can change in the blink of an eye.
At the moment the Oil Bears are winning. But they are winning on false news. Oil consumption is Increasing and more production is required. I know this may seem strange with a current oil 'glut'. Shale will help but it won't cut the mustard. Heaven help if the Middle East lobs a missile into Ras Tanura. And a few have been trying.
Senex is a growth company and is run by competent management who made the necessary changes years ago by focussing on Cooper gas and the worsening gas shortage in Australia.
SXY Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held
