SXY 0.00% $4.60 senex energy limited

Ann: March 2014 Quarterly Report , page-4

  1. 431 Posts.
    lightbulb Created with Sketch. 264
    I've been following SXY for about 6 months and have been accumulating shares when the price trends down to 70c or lower. Long term this is one of my growth stocks so I love how the general market is over-punishing this very good stock. (opinion only)

    On the pros...
    1. no debt
    2. lots of cash in bank
    3. long term vision
    4. solid partnerships with ORG and STO and I rate both ORG and STO as smart companies.
    5. long term price target for me is $2 in 2 years which implies valuation of $2B and hence steady growth
    6. Company hasn't paid dividend yet, but when it does with all that cash, share price will jump.
    7. Lots of acreage, lots of wells, lots of upside potential
    8. World energy usage increasing -> oil and gas prices trending up all the time.

    On the cons...
    1. They haven't paid dividends yet
    2. The market has an unusually low line of resistance considering the potential upside which I like because I'm a long termer


 
watchlist Created with Sketch. Add SXY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.