senex energy broker report

Level 30, 180 Ann St, -Attractive outlook for Queensland gas projects but risks still exist There are risks with Roma North, despite the progress being made. Hence, Bell Potter suggests the company is well funded for future developments. Find out why FNArena subscribers like the service so much: "Your Feedback (Thank You)" – Warning this story contains unashamedly positive feedback on the service provided. Senex Energy reported net production of 308,000 barells of oil equivalent for the quarter, -8% below the March quarter and -21% below the broker's forecasts. All Rights Reserved. AUD. Senex Energy has two Buy and four Hold ratings on FNArena's database. Ord Minnett reduces earnings estimates to account for a lower oil production outlook. The company was awarded the Artemis block at a recent tender. Senex is a small-cap oil and gas exploration company focused on Australia's Cooper Basin. Senex Energy Limited is an independent Australian oil and gas exploration and production company. The broker was buoyed by the decision by Jemena to acquire the Roma North gas processing plant, considering the acquisition another external validation for this project. Senex is proud to present its 2020 annual report - Gas for Australian Industry. Targets range from $0.36 (Ord Minnett) to $0.55 (Macquarie). Brokers are lapping over recent drilling results which show strong earnings/cashflow generated by Cooper oil as well as significant upside in its unconventional gas. Hence, Morgans also expects FY21 will be an important year for the business and earnings growth should reach a point where the company is trading on just 5.0x enterprise value/EBITDAX (operating earnings before exploration expenses). Annual Report 2020. Up to 24PJ of gas will be sold to domestic manufacturers from FY20-28. Brokers have flagged Senex Energy (ASX:SXY) as an emerging star in the oil and gas sector. Senex Energy ((SXY)) has attractive characteristics for many brokers, being on the cusp of ramping up its energy portfolio. Senex’s Share Registry is managed by Computershare Investor Services Pty Limited (Computershare). June 2020 Quarterly Report. March 2020 Quarterly Report… The consensus target is $0.433, signalling 20.4% upside to the last share price. 15 April 2020. At Project Atlas, drilling will commence next month with further sales gas expected by the end of the year. All subscribers should read our terms and conditions, click here, Record Customer Receipts Highlight Netlinkz Growth In China, Three Favourite Stocks On A One-Year Outlook, Australian Broker Call *Extra* Edition – Sep 30, 2020, Australian Broker Call *Extra* Edition – Oct 05, 2020, Australian Broker Call *Extra* Edition – Oct 09, 2020, RESEARCH: Piedmont Lithium Locks Tesla Deal. Canaccord Genuity notes initial exploration is likely to focus on the north-east corner where there is 30-40PJ potential. A typical CSG well takes, on average, 12-18 months to de-water before the majority of gas is liberated. Q3 FY20 Quarterly Report conference call details | 15 April Shareholder information & FAQs Recent Announcements . 24 August 2020. Canaccord Genuity, also not one of the seven, retains the view that the company has more than enough financial flexibility to manage its current investment plans and has a Buy rating and $0.53 target. Yet, the broker envisages material upside once Roma North and Project Atlas are at plateau production rates, likely at the end of FY21. FNArena is proud about its track record and past achievements: Ten Years On, Click to view our Glossary of Financial Terms, © FNArena 2020. About . The company's appeal in Credit Suisse's view, lies in its uncontracted gas supply position which could likely to benefit from higher gas prices, while new acreage is unlikely to be a near-term catalyst, hence no value is attributed to Artemis in the near future. -Senex Energy likely to get preferential access to acreage. On 23 April 2013, Citi rated Senex as "neutral" following release of the company's quarterly report, which reported a 7% drop in production for the three months to 31 March 2013. Click here to view the PDF page-by-page. You can also download the report using the icon at the top left hand corner of the viewing pane above. Credit Suisse downgrades to Neutral from Outperform, as the share price has recovered, after a drop that caused the upgrade on pure valuation terms previously. Senex Corporate Governance Statement 2020. 16 September 2020. While noting a total of 10 wells are expected to be drilled at Roma North and brought online during the first quarter of FY20, Ord Minnett, too, is cautious, specifically regarding the quality of some of the Queensland assets.

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