SXY Hedging, page-7

The technical's on SXY don't look positive ATM. Its fallen below all EMA's even the 200.

As magnificent as some say ID is .... the Market is not respecting that opinion.

I am not saying he is the entire problem, just a contributing factor and over paid IMO.

They have taken too long to develop cash generating assets.

With Market fear about Senex finds itself taking on debt with very small cashflows.

1M BOE doesn't even pay the Admin overhead of the circa 180 staff and flashy office !

Shame, their conservative approach has come back to bite.

Their major shareholder bailed out without offering the capex they spruiked.

Maybe not entirely Senex's fault but it looks bad.

Santos is screaming for gas ... and Senex are late to the party !!!

That and the Market is pricing in more falls in POO . 

Where is the bottom for Senex , not sure given so many external factors, but 28c is not unrealistic in the short term.

In summary, Senex is just not generating sufficient cashflows and the Market know's it.

I hope for all concerned WSGP performs better than most expect