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$4.60 senex energy limited

Ann: Update - Consolidation/Split - SXY, page-3

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briseius

631 Posts.

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26/03/21

09:14

Post #: 52055356
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Originally posted by Mark084: ↑

For those who think that our share price is being held down by the almighty bots.......From the Fin review today.

Domestic gas producers led by Senex Energy CEO Ian Davies have escalated the war with the Morrison government and industrial gas buyers on the contentious issue of east coast gas prices as signs are also emerging of a split between small producers and Queensland’s three huge LNG ventures.Mr Davies, who is also vice-chairman of the oil and gas industry group APPEA, ripped into federal government threats of further regulatory intervention into the sector, saying they are “hollowing out” the foundations of the industry by undermining confidence to invest.“It’s hard to comprehend that some elements of the federal government and some large gas users who want more and more intervention in gas markets cannot see that this will result in less investment in gas supply and higher gas prices,” he said.The federal government is threatening to impose a mandatory code of conduct on east coast gas producers. James DaviesThe comments at a gas conference in Sydney on Thursday come as federal energy minister Angus Taylor warns the government is prepared to impose a mandatory code of conduct on east coast producers if they don’t come up with a voluntary code agreed by both buyers and sellers to guide negotiations on supply contracts.Such a consensus appears impossible given buyers are insisting the code includes a price reference that would force prices down, while most sellers are vehemently opposed. The code was due to be finalised by February, a delay that Australian Competition and Consumer Commission chairman Rod Sims said is “unacceptable”.

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mark, reminds me of a john cleese skit,
im from the govt,i am here to help you, they are pathetic.

SXY Price at posting: 36.0¢ Sentiment: Hold Disclosure: Held
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1 Great analysis

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