Senex is producing right now at a fraction of what oil is selling for - its not rocket science.
The price of oil has to fall by at least a factor of three before senex is in trouble, until then they are without debt and plugging along nicely.
In the background we have origin investing $250m in a senex jv exploring the cooper. Its all massive upside which the market is giving senex 0% chance of success at.
You have to question why origin would invest 250m in senex if there wasn't something very significant to be gained from it.
I still think its a no brainer.
SXY Price at posting:
47.0¢ Sentiment: Buy Disclosure: Held
