SXY
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0.00% $4.60 senex energy limited

New one from Macq today..OutperformAs expected, Senex has sold...

  1. drg
    3,571 Posts.
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    19/06/19
    11:47
    Post #: 39130074
    New one from Macq today..

    Outperform

    As expected, Senex has sold its Roma North infrastructure to Jemena for $50m in cash, and will toll Roma North gas through the facility on a 21-year agreement with a 10-year extension option. This is an important step in relieving some of the balance sheet concerns for Senex, the broker suggests.The focus is now on first gas from Project Atlas, which the broker believes the market is "over-risking" at the current share price. Outperform and 50c target retained.

    Target price - $0.50 % to reach target - 61%
    SXY Price at posting: 31.5¢ Sentiment: Hold Disclosure: Held
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