SXY 0.00% 47.0¢ senex energy limited

SXY Cooper Basin consolidation

  1. 320 Posts.
    lightbulb Created with Sketch. 28
    Current pullback in the share price probably represents a reaction to the overnight fall in oil rices, profit taking and nervous nellies exiting to cover three day trades. The talk of a consolidation of the Cooper Basin players seems to have been just that for the time being, talk. But if any of the mid cap producers was a prime candidate it would have to be Senex Energy with its extensive and diversified portfolio of oil and gas assets, both conventional and unconventional, healthy balance sheet and NO DEBT.
    Some 80 million plus shares have traded over the last several days over 7% of the register but so far no change in substantial holder notice. So maybe those 25 million shares that traded on one day were just churn! Don't think so.
    I have always watched for unusual trading volumes in a company on the assumption that someone knows something that I don't know. And if the buyers are prepared to pay higher prices then that tells me what they know and I don't know could be quite significant.
    I know Senex is well regarded by some of the analysts at Macquarie who are always good for a bit of m&a action.
    Be interesting to see whether the company reports success with Martlet North #1. Should have a result any day now. They seemed to think it was a low risk play given the success at Martlet #1.
 
watchlist Created with Sketch. Add SXY (ASX) to my watchlist
(20min delay)
Last
47.0¢
Change
0.00(0.00%)
Mkt cap $680.9M
Open High Low Value Volume
47.5¢ 47.5¢ 46.0¢ $761.9K 1.628M

Buyers (Bids)

No. Vol. Price($)
11 448676 46.5¢
 

Sellers (Offers)

Price($) Vol. No.
47.0¢ 89000 2
Last update - 16.10pm 16/10/2018 (20 minute delay) ?
(live)
Last
46.8¢
  Change
0.00 ( 0.51 %)
Open High   Low Volume
47.0¢ 47.5¢   46.0¢ 891523
Last updated 15.59pm 16/10/2018 (live) ?
SXY (ASX) Chart
GET SUPPORT arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.