SXY too big a bite for Beach IMO After what happened in the States to Shale Gas it's only a matter of time before the big fish start circling. In the Cooper basin Beach is first cab off the rank for Shale gas but I think their significant cash reserves will be used to progress and develop their own permits. SXY has now got magnificent Shale acreage but not the cash flow to commercialize it. Origin, Santos, or even Total could be possible predators not too far down the track. There is still a lot of work to be done to prove up the resource but if all goes to plan this will be BIG. Senex latest presentation May 2011 says it all.
SXY Price at posting:
40.8¢ Sentiment: LT Buy Disclosure: Held
