To manage your Senex shareholding, you can access a number of services provided by Computershare online at www.investorcentre.com or call 1300 850 505. Credit Suisse would like to witness shorter-duration contracts, so the company can gain further upside exposure as LNG spot prices recover from 2021. 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. Click here to view the PDF page-by-page. Broker reports by JP Morgan and RBS during 2012 had previously rated Senex as "buy". 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 Energy has two Buy and four Hold ratings on FNArena's database. Revenue was softer because of a higher proportion of gas sales. The company was awarded the Artemis block at a recent tender.
June 2020 Quarterly Report. Transformation and growth were the standout features of Senex in 2019. No portion of this website may be reproduced, copied or in any way re-used without written permission from FNArena. All Rights Reserved. Commissioning of Roma North is near completion and the asset is now selling sales gas to the GLNG joint venture. 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. Ord Minnett, too, is cautious about the quality of some of the assets. The company expects to complete the facility sale at Roma North in September, adding further $50m in liquidity. Please click on the ‘full screen’ icon at the bottom right hand of the page to achieve the best viewing experience. 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. Hence, Bell Potter suggests the company is well funded for future developments. About . Senex Energy ((SXY)) has attractive characteristics for many brokers, being on the cusp of ramping up its energy portfolio. Having trouble viewing the Annual Report? 2019 Annual Report Senex is proud to present its 2019 annual report themed Transformation in motion. 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. Appendix 4E and FY20 financial report .
Get the updates you want. Brokers have flagged Senex Energy (ASX:SXY) as an emerging star in the oil and gas sector. Ord Minnett reduces earnings estimates to account for a lower oil production outlook. Canaccord Genuity notes initial exploration is likely to focus on the north-east corner where there is 30-40PJ potential. Subscribe to Senex announcements and news. The company has an integrated plan for its Queensland gas projects, expecting to complete the entire drilling campaign by mid 2020. Senex Corporate Governance Statement 2020. The consensus target is $0.433, signalling 20.4% upside to the last share price. -Senex Energy only required to cover exploration drilling at Atlas-Record Queensland gas production keeping spot prices low -Capital management likely the next major catalyst . You can also download the report using the icon at the top left hand corner of the viewing pane above. The broker, not one of the seven monitored daily on the FNArena database, has a Buy rating and $0.47 target.
Upside is expected to come from the higher risk and more technically challenging south-east. Level 30, 180 Ann St, The growth path is becoming clearer, Credit Suisse asserts, and the expansion … 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. 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. Morgans views the company's operations in CSG comparable to a mining concern, where development capital expenditure is sunk and construction completed before earnings growth becomes substantial. 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. The company achieved improved financial results, increased production and has built great momentum towards establishing Senex as an important east coast natural gas producer. The company achieved improved financial results, increased production and has built great momentum towards establishing Senex as an important east coast natural gas producer. The market appears unwilling to look that far ahead, so Morgans believes now is a good time to accumulate the stock before the attractive earnings profile comes into focus. FNArena is proud about its track record and past achievements: Ten Years On, Click to view our Glossary of Financial Terms, © FNArena 2020. JPMorgan, Deutsche Bank and Morgan Stanley have also communicated significant valuation upside on the stock. Moreover, Macquarie expects the stock to re-rate as first gas flows are announced from Project Atlas. March 2020 Quarterly Report… Up to 24PJ of gas will be sold to domestic manufacturers from FY20-28. Targets range from $0.36 (Ord Minnett) to $0.55 (Macquarie).
15 April 2020. Explore our Investor Centre for the latest announcements, reports, presentations and information. 15 July 2020. The company expects to complete the facility sale at Roma North in September, adding further $50m in liquidity.
Home - 2020 Annual Report For the best viewing experience, click on the “full screen” icon at … Annual Report 2020.
Brokers have flagged Senex Energy (ASX:SXY) as an emerging star in the oil and gas sector. 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. Production fell from a recent peak in the March quarter to 1.2mmboe in the June quarter, as natural field decline and maintenance in the Cooper Basin was partially offset by growth in Surat Basin gas. Also, risks in the near term could dampen sentiment, the broker assesses, and counter any upside. -Attractive outlook for Queensland gas projects but risks still exist 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 is proud to present its 2020 annual report - Gas for Australian Industry. AUD. Senex Energy Limited is an independent Australian oil and gas exploration and production company. 16 September 2020. Yet, the broker envisages material upside once Roma North and Project Atlas are at plateau production rates, likely at the end of FY21. A typical CSG well takes, on average, 12-18 months to de-water before the majority of gas is liberated. 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. Senex Energy executed three agreements at Project Atlas in the June quarter. Share price - ASX: SXY. Credit Suisse does not believe the ramp up is "amazing", given the 35 wells drilled to date, and would like to dissect more details on well workover frequency and costs, which could materially affect the valuation. Senex is a small-cap oil and gas exploration company focused on Australia's Cooper Basin. 16 September 2020. At Project Atlas, drilling will commence next month with further sales gas expected by the end of the year. On 15 April 2013, JP Morgan downgraded the company to "underweight" citing "a lack of visibility regarding the timeframe to realise value for its CSG and shale assets". Home - Investors - Company Reports. Brisbane Queensland 4000, Australia. Tax Transparency Report.
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). 16 September 2020. The year continues to go well for Senex Energy as it successfully expands its gas acreage in Queensland. Home - 2019 Annual Report. These two projects are expected to add around 48 TJ/day to Australia's east coast markets by the end of FY21. 24 August 2020. Senex Energy Provides September 2020 Quarterly Report : 13 Oct 2020 Senex Energy Announces Roma North Expansion FID : 24 Aug 2020 Senex Energy Reports Net Loss of $51.37m for the Year to 30 June 2020: 22 Sep 2020 Senex Energy Announces to Supply Gas to Gladstone's Northern Oil Refinery: 21 Sep 2020 Senex Energy Announces to Expand Atlas Production with New Acreage Award : Premium … September 2020 Quarterly Report.
13 October 2020. -Senex Energy likely to get preferential access to acreage. By Eva Brocklehurst. Additional cash will come from the Cooper Basin and the ramp up of current projects. Senex is a small-cap oil and gas exploration company focused on Australia's Cooper Basin. Transformation and growth were the standout features of Senex in 2019. Credit Suisse believes that recent share price weakness, which has seen the stock trade at a 46% discount to its Cooper Basin peers, makes it an attractive buying opportunity.
We have a 30 year history and diverse portfolio of onshore assets, strategically positioned in Queensland and South Australia. There are risks with Roma North, despite the progress being made. The company's position as a local motivated explorer should enable preferential access to acreage, another attractive characteristic Credit Suisse assesses. FY21 will be a watershed year for Senex Energy and several brokers expect the stock to re-rate as gas production increases and LNG spot prices recover. (VIEW LINK), Brokers have flagged Senex Energy (ASX:SXY) as an emerging star in the oil and gas sector. Company Reports. Senex’s Share Registry is managed by Computershare Investor Services Pty Limited (Computershare). 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. -10 wells to be drilled at Roma North and brought online in current quarter Q3 FY20 Quarterly Report conference call details | 15 April Shareholder information & FAQs Recent Announcements .
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