Ann: Senex secures final environmental approval for Project Atlas, page-25

Bell Potter starting to cover Senex...

Senex Energy's efforts to build a natural-gas business on Australia's eastern seaboard time well to grow into supply-short markets and should generate significant earnings and cash flow over the medium term, Bell Potter argues. It has initiated coverage of the stock with a buy call and A$0.47 target on the shares, based on existing projects alone. Bell Potter adds the company has the cash and cash generation from its current operations to support its development pipeline.