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Australian gas producer Santos Ltd said on Thursday it rejected a A$9.5 billion ($7.2 billion) takeover approach in August, sending its shares up 13 percent on speculation another offer was likely to emerge.
Learn about investing with our Investing Education hub. Despite Covid-19 prompting the competition to shift online this year, entries in the 2020 Photo Challenge increased more than half to 247 photos.
SENEX Energy has withdrawn its $752 million takeover offer for fellow oil and gas group AWE after it was publicly rejected. A 2P means it’s proven and probable, while a 3P includes ‘possible’. Do NOT follow this link or you will be banned from the site. Motley Fool Australia » Investing » Will Santos Ltd buy Senex Energy Ltd in 2018? Explore our Investor Centre for the latest announcements, reports, presentations and information. The Complete Guide to Planning For Your Retirement, Setting up an SMSF: 10 Things You Need to Know Before Starting, 3 easy steps to building your ASX share portfolio for an early retirement, 4 tips on how to pick winning stocks for your retirement share portfolio, This is the best asset to own to start saving for your early retirement, Commonwealth Bank of Australia (ASX: CBA), Flight Centre Travel Group Ltd (ASX: FLT), Vanguard Australian Shares Index (ASX: VAS).
However, the contract can be extended for an extra five years and bumped up to 0.35 PJ per year, taking the total gas quantity to be supplied to a potential 2.5 PJ.
The Motley Fool Australia has no position in any of the stocks mentioned. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*. The Company holds various interests, including the western flank of the Cooper Basin, as well as north, south and east of the Moomba processing and transportation hub. And supply is predicted to start getting tight both for the already-stretched LNG terminals and the domestic market.
Hear our experts take on shares, the market & how to invest. Up to three-quarters of New Hope Corporation’s (NHC) corporate staff will lose their jobs next month as the coal miner prepares for years. There is another overlap too. Investment news, stock ideas, and more, straight to your inbox. Under the deal, Senex will supply 0.3 petajoules (PJ) of gas to Southern Oil's Northern Oil Refinery near Gladstone for 2.5 years. The big producer is still in its “transformation” phase and we might have to wait a little longer to for Santos to move into its “build” phase to see if sparks fly between the two. Join our flagship membership service, Share Advisor.
Past performance is not necessarily indicative of future returns. this thread... Last trade - 16.10pm 20/10/2020 (20 minute delay). Email Lists "Senex is committed to investing for the long-term to unlock both development-ready and exploration opportunities and working with our customers to deliver affordable and sustainable gas supply to the domestic market," he said. These stocks are trading at dirt-cheap prices and Scott thinks these could really go gangbusters as we move into ‘the new normal’. EIG took a 12.2% Stake in Senex Energy to form a strategic alliance which provides the company a channel for funding the development of its Western Surat Gas Project. When investing expert Scott Phillips has a stock tip, it can pay to listen. leverage – Over 15,000 trading instruments, Simplified expert advice Helping you choose the right broker for you Fast tracking you to trading success. ‘Reserves’ refer to oil or gas discoveries that are commercially recoverable using existing technology while a resource is an initial, untested estimate. “This will force a cut in output from six to four LNG production trains [terminals] at Gladstone.”.
1414 Degrees (14D) has announced it has recommissioned its GAS-TESS ahead of power export to the grid. Senex Energy Limited (Senex) is an oil and gas exploration and production company. The Company's segments include SURAT/BOWEN BASIN and COOPER/EROMANGA BASINS.
Returns since inception 01/06/2017. These stocks are trading at dirt-cheap prices and Scott thinks these could really go gangbusters as we move into ‘the new normal’. Some days I think that oil and gas producer Santos Ltd (ASX: STO) is the lead character in a terrible, low budget T.V. Based on the closing price of Senex shares on 12 December 2013 of $0.76, the takeover offer implied a price for AWE shares of $1.44 (Senex’s six month VWAP is $0.72 implying an AWE price of $1.37). We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Subscribe The Bull’s newsletter for free! Is the Xero Ltd share price a buy at $100? This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. The project has a 20-year gas sales agreement with the Santos operated GLNG joint venture. Terms of Service |
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“From around 2025, production from Queensland’s coal seam gas fields is expected to fall by more than 100 PJ per annum in deliverability – the equivalent of an LNG import terminal every year,” the report said. Quote and financial data from Refinitiv. Senex shares are grey in early trade, worth 33 cents per share at 10:41 am AEST.
Senex Managing Director and CEO Ian Davies said the company is pleased to be providing natural gas to the Gladstone oil recycling plant. Santos already has a substantial debt pile and with Senex currently valued at around $390 million any Santos takeover bid would almost certainly require a request from Santos for its shareholders tip more capital into the Adelaide-based energy operator. On the shortlist as takeover targets were Senex Energy (ASX:SXY), Central Petroleum (ASX:CTP), Cooper Energy (ASX:CEO), Comet Ridge (ASX:COI) and Strike Energy (ASX:STX). Two other producers fit this description but sit just outside Queensland: Cooper Energy is in the corner of the Cooper Basin that’s in north-east South Australia, and Central Petroleum works in the Northern Territory, but after hooking into the Northern Gas Pipeline can now sell into the east coast. The Company holds an acreage position across the South Australian and Queensland Cooper Basin, with approximately 15,000 square kilometers considered prospective for conventional and unconventional (tight) oil. Senex operates in two of Australia’s leading onshore energy regions… 3 big surprises from the CSL full year results, 3 big surprises from the a2 Milk Company full year results. Our Top 5 Stocks for Investors 50 or Older – NOW AVAILABLE! show. SENEX Energy will continue as sponsor of the Wandoan Photo Challenge for the next three years after announcing continued support for the annual competition last week.
Listen to Our Podcast You’re viewing a single post only. The former wants the reserves developed soon, the latter wants it to supply cheap gas to the LNG plant.
In this FREE STOCK REPORT, Scott Phillips just revealed what he believes are the 3 ASX stocks for the post COVID world that investors should buy right now while they still can. Our latest articles and strategies for the post-work life you want.
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While there is clear strategic overlap between Santos and Senex Energy, the challenge I see for a 2018 acquisition is Santos’ strategic timeline. 43.8¢, Algorithmic As of on the Australian Stock Exchange Ltd ∙ Minimum 15 minute delay, Senex Energy Posts Q1 Total Sales Volumes 724 Kboe Vs 319 Kboe, Senex Energy Announces Roma North Expansion FID, Senex Energy Awarded Preferred Tenderer Status For Natural Gas Acreage In Surat & Bowen Basins.
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