The market is a crazy place at times. eg, month after month, WTC...

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hindmost

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18/12/19

14:51

Post #: 42031646
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Originally posted by Mark084: ↑

there has been a lot of talk over the few years I have been invested in senex about a future takeover. I struggle to see how with the progress we have made in regards to development, sales contracts etc and an oil price that is now somewhat healthy that our share price can be sitting at a similar level it was at the cap raise way back when.
to say I’m getting frustrated is an understatement. I am seeing parallels with awe’s price action prior to mitsui’s takeover thereby doubling their stock price in a mater of months. Admittedly the waitsia field is a world class asset but we have proximity to undersupplied markets and almost ready to roll. Am I missing something here?? At this price McDonald’s will be plucking us off the tree to fire their fryers. Beach and santos are quickly refilling their pockets after their big buys so in my opinion, it’s only a mater of time

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The market is a crazy place at times. eg, month after month, WTC sat at the top of Morningstar's "most overpriced" list, and the SP just kept on going north. Eventually it collapsed - down 1/3 and looks like going a lot further. Month after month, SXY SP has stagnated, but eventually it should reflect its real value. Just hope we've got the real value right.

SXY Price at posting: 33.3¢ Sentiment: Buy Disclosure: Held
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The market is a crazy place at times. eg, month after month, WTC...

Top Stories

Great Divide 'rapidly evolving' into commercial miner with first Challenger pour

Unemployment expectations correctly called today's 4.3% rate

Buru sinks -8% on adjusted Rafael Gas Project timeline aimed to 'reduce risk'

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

ASX Market Close: Pretty boring day, but we're back in the 8,600s

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