市场见解

Senex (ASX:SXY) share price up on new gas sale agreement

Senex Energy has announced it will sell 2.5 petajoules of natural gas to 29 Metals.
The post Senex (ASX:SXY) share price up on new gas sale agreement appeared first on The Motley Fool Australia. –

The Senex Energy Ltd (ASX: SXY) share price is rising on Friday morning following news that the oil and gas producer will sell natural gas to 29 Metals Ltd (ASX: 29M).

At the time of writing, shares in Senex are trading for $3.56 – up 0.56%. The S&P/ASX 200 Index (ASX: XJO) is 0.06% lower.

Let’s take a closer look at today’s news.

The Senex share price is falling

In a statement to the ASX, Senex Energy says it has entered into an agreement with 29Metals to supply its Capricorn copper mine with 2.5 petajoules (PJ) of natural gas over 3 years.

The natural gas will be shipped to the Diamantina power station (which is owned by APA Group (ASX: APA)), which in turn will power the copper mine. The arrangement begins in January 2022.

The cost of the deal has not been disclosed, except to say it is a “fixed price” and “in line with current market prices”. According to the website Trading Economics, the current market price for natural gas is US$5.05 per million British thermal units. Its price has soared 98% since the beginning of the year.

Senex says it has about 80PJ of agreements with domestic customers at the moment.

Investors aren’t too enamoured with today’s news, judging by the falling Senex share price.

Management commentary

Senex Managing Director and CEO, Ian Davies, said:

The Capricorn Copper mine is a critical project in the Queensland Government’s Strategic Blueprint for the North West Minerals Province.

Copper in particular has a large role to play in the production and operation of next generation clean technologies such as electric vehicles, and solar and wind power sectors.

Senex looks forward to building another strong, long-term and mutually beneficial relationship that supports jobs, the economy and helps meet Australia’s energy demand as it transitions to a lower carbon future.

Senex share price snapshot

Over the past 12 months, the Senex share price has increased by 36%. Year to date it is up an even larger 41%. Both metrics are faster than the ASX 200 index over the same periods.

Senex Energy has a market capitalisation of roughly $655 million.

The post Senex (ASX:SXY) share price up on new gas sale agreement appeared first on The Motley Fool Australia.

Should you invest $1,000 in Senex Energy right now?

Before you consider Senex Energy, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Senex Energy wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

Senex (ASX:SXY) share price leaps 5% amid sustainability push
Why the Senex (ASX:SXY) share price is pushing higher today
Why Novonix, ResMed, Senex, & Weebit Nano shares are charging higher

ASX 200 down, Flight Centre rises, Redbubble falls

Motley Fool contributor Marc Sidarous has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended APA Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

随时随地,交易世界!

移动APP平台,拥有 12 个市场的 50,000 多种全球上市证券(全球市值超过 70%),直接在您的 Android 或 iOS 设备上即可操作。

与独有的交易理念和投资分析工具相结合,帮助您在我们 12 个全球市场中的几乎所有金融工具上找到可操作的见解,从而帮助您优化交易策略。

推荐给您的朋友

向您的朋友推荐Monex并赠予他们免费使用我们交易工具的机会

我们尊重您的隐私,只会向您的朋友发送一封邮件 

与您的朋友分享

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!