@pac5705 Read the post above and what I had to say about...

First 52 Last

Share
Profile

Follow
tt2000

4,941 Posts.

1246

13/09/18

18:18

Post #: 35585423
Share

Originally posted by tt2000 ↑

Ian Davies, CEO
"Prior to joining Senex, Ian was influential in the growth of the CSG-to-LNG industry in Queensland as Queensland Gas Company’s (QGC) Chief Financial Officer. Ian led the negotiation of the LNG joint venture transaction with BG Group and the takeover offer for QGC by BG Group – the largest on-market takeover in Australian corporate history at the time."

Graham Yerbury
"Graham was previously CFO at Macarthur Coal Limited, Site Group International, and coal seam gas producer Arrow Energy"

We have a CEO who led the largest takeover in Australia in its time, and a CFO that was part of Arrow Energy (a 10 x bagger).

I don't normally endorse management, but this team obviously understand what drives value to shareholders (and to prospective acquirers). Their resume alone adds value to SXY.

As mentioned, non-core assets obviously constitute the areas in which we have abandoned wells. These abandoned wells were previously disclosed to the market and it should already be factored into the share price. The fact that SXY have decided to write-off abandoned wells shouldn't really come as a surprise, and this is just the accounting side to this.

I would rather SXY try divest these areas and deploy the capital into the higher yielding Projects.

Providing the flow rates are good (as they should be for SXY to want to materially increase production as announced today), we have just the team that is capable of delivering us a 10x bagger. They just need to do what they've already done before.

Expand

@pac5705
Read the post above and what I had to say about management in Feb 2018.
In the last 3 years, I can proudly say that I have only acquired shares of Senex (nothing sold).
I am still bullish on the asset, just not the management team, so no I am not trying to post negative comments to buy more - I have enough
And if I was, wouldn't I be attacking the asset?

Please tell me why you think a year without any material drilling is acceptable in the current climate?

Happy to hear why you think management are performing

Last edited by tt2000: 13/09/18

SXY Price at posting: 46.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

NEU

Neuren sees FDA greenlight for 3rd trial into children with Phelan-McDermid syndrome

CHM

Leukaemia patient shows complete response in Chimeric Therapeutics' latest trial

NYR

Nyrada rat study shows no genotoxicity in brain injury drug NYR-BI03

Arika to pump $3.2M into gold exploration at WA's Yundamindra following strong maiden program

There are more pages in this discussion • 51 more messages in this thread...

First 52 Last

Add SXY (ASX) to my watchlist

@pac5705 Read the post above and what I had to say about...

Top Stories

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Neuren sees FDA greenlight for 3rd trial into children with Phelan-McDermid syndrome

Leukaemia patient shows complete response in Chimeric Therapeutics' latest trial

Nyrada rat study shows no genotoxicity in brain injury drug NYR-BI03

Arika to pump $3.2M into gold exploration at WA's Yundamindra following strong maiden program

Featured News