broker uodates, page-12

Broker update below... looking forward to getting out of this 25-29c range ; )

Ord Minnett rates SXY as Accumulate (2) -

Senex Energy announced a non-cash impairment of -$52m due to lower oil price forecasts. Ord Minnett highlights the impairments are mostly related to the company's late life assets in the Cooper Basin.The broker considers these price-driven impairments as irrelevant and finds the stock attractive at current levels.Ord Minnett reiterates its Accumulate recommendation with a target price of $0.35.

Target price is $0.35 Current Price is $0.27 Difference: $0.08