Canaccord keeps a buy call and A$1.19/share price target on the stock. SEA last traded at A$0.24.

DJ Sundance Energy Capex Covered by Cash Flow, Says Canaccord -- Market Talk
18:21 EDT [Dow Jones] Sundance Energy (SEA.AU) has several levers it can pull to manage cashflows and future debt levels amid a broad pullback in oil prices, says Canaccord Genuity. "We currently forecast an US$85 million Capex program in 2016, with an average oil price of US$59.3/bbl and debt to Ebitdax falling to 1.5 times," analyst Tim Masters says. Under a US$40/bbl scenario, Canaccord estimates that Sundance Energy can still self fund a 11.4 net well US$60 million drilling program. That would result in Sundance Energy finishing 2016 with daily production of 7,500 barrels of oil equivalent "We believe [this] highlights a comparably robust business model under stressed oil price scenarios," Masters says. Canaccord keeps a buy call and A$1.19/share price target on the stock. SEA last traded at A$0.24. ([email protected]; @dwinningWSJ)