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$4.60 senex energy limited

Awarded 58 SQ Km for zilch $, page-40

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CEOChair

27,685 Posts.

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06/09/17

10:04

Post #: 27025632
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Originally posted by drg ↑

More from the newswires... DJ Senex Energy Price Target Raised 33% to A$0.40/Share by Credit Suisse

and...

Credit Suisse sees "huge logic" in Senex Energy (SXY.AU) being bought by Santos (STO.AU), which is under pressure for sucking up local gas supply for its GLNG gas-export plant. Acquiring Senex, which won gas-exploration blocks offered by Queensland state, could allow Santos to free up more fuel from the Cooper Basin for the domestic market, easing energy shortages. "We keep surprising ourselves with our level of enthusiasm for the sector of late," the investment bank admits, "but this looks like a rare, large opportunity." Credit Suisse's price target on Senex jumps 1/3 to A$0.40. The stock enters today at A$0.27, putting its market cap at A$391 million ($313 million). ([email protected];

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They did the maths!

SXY Price at posting: 27.0¢ Sentiment: Buy Disclosure: Held
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