All what I have is the commentary...COMMENTARYCredit Suisse...

All what I have is the commentary...

COMMENTARY

Credit Suisse believes Senex Energy is well positioned to benefit from higher domestic gas prices, as Project Atlas ramps up over the next two years. Yet, while the company has been touted as a takeover target, no bid has emerged.

This is of concern to the broker, signalling there may be technical "skeletons" at the flagship Western Surat Gas Project in particular. Rating is downgraded to Neutral from Outperform and the target is reduced to $0.36 from $0.50.

The broker asserts the upside is offset by risks to production/cost metrics and sustainability, particularly at WSGP.