Articles On Senex Energy (ASX:SXY)

Senex Energy’s $1bn Atlas project, one of Australia’s first large-scale gas developments to come online in years, will deliver its first supplies to the market within a week – as joint owner Gina Rinehart said the project’s delays were indi...

Pure Hydrogen is spinning off its Australian natural gas assets into a new ASX-listed company Eastern Gas will raise $8-10m to fund near-term work at the Windorah gas project and Project Venus in Queensland Shareholders in PH2 will receive...

The APA Group (ASX: APA) share price has slipped into the red on Wednesday after the company posted its FY24 results. APA shares opened strong but have since dropped 1.45% lower to $7.83 at the time of writing as investors process the up...

The Gina Rinehart-backed Senex Energy is moving ahead with a more than $1 billion expansion of its Atlas and Roma North natural gas developments in Queensland’s Surat Basin after receiving the green light from the federal government. After...

The Albanese Government is proposing changes to the Environment Protection and Biodiversity Conservation Act (EPBC) aimed at reducing red tape and streamlining the assessment process for offshore gas projects. These include new legislation,...

  Empire Energy Limited (ASX:EEG) CEO Alex Underwood discusses the implications of gas shortfalls across Australia and possible sources for new supply. Paul Sanger: I'm Paul Sanger for the Finance News Network, and today I’m talking to Empi...

Gina Rinehart’s Hancock Prospecting pulled in a profit of over $5 billion for the third year running Its 70% owned Roy Hill mine, where the company will roll out its first electric locomotive next year, remains the mainstay TerraCom dumps...

In last year’s little predictive piece (on Got Gas), we opined that gas prices on the East Coast would likely spike due to declining fields. And, while prices did indeed climb to some rather eye-popping levels, it was also due to what no on...

ShareCafeCanberra Sparks Gas Industry Price Unrest A brawl is looming between Canberra, the East Coast gas industry and some investors over plans the federal government has to force the producers to fix their sales contracts based on their...

ShareCafeRinehart Moving and Shaking Up the Northwest Gina Rinehart’s private business has made two significant moves in rare earths in the Northern Territory and natural gas in the Perth Basin, near the WA capital. Monday saw Ms Rinehart’s...

As anyone who has visited the pumps recently knows, fuelling up the family SUV no longer costs your spare kidney or the equivalent of a home deposit. This is thanks to crude oil prices dropping more than 20% since June due to concerns about...

Queensland resources companies have donated millions of dollars towards relief efforts to help people in flood-affected parts of the state. Queensland Resources Council (QRC) chief executive Ian Macfarlane said resources companies were resp...

The Russia-Ukraine conflict pushed oil prices beyond the US$100/b mark this month, and while they’ve settled somewhat, prices could be set to skyrocket. Added to this, OPEC is sticking to its guns with the consortium ignoring calls to ramp...

WA billionaire Gina Rinehart says growing concerns about global oil and gas supplies sparked by Russia’s invasion of Ukraine underscores the importance of energy security. 

East coast gas supplier Senex Energy appears one step closer to joining Posco’s portfolio with a raft of proxy advisers recommending clients vote in favour of a $4.60 a share takeover. 

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Stocks reversed early losses as a mid-morning diplomatic breakthrough rekindled hopes a conflict between Russia and Ukraine could be averted. The S&P/ASX 200 flipped an initial loss of 65 points into a gain of 12 points or 0.16 per c...

Australian shares hit a nine-session low before rebounding on reports of a breakthrough in the Russia-Ukraine crisis. The S&P/ASX 200 flipped an early fall of 65 points to a mid-session gain of eight points or 0.1 per cent. Stocks re...

The Foreign Investment Review Board (FIRB) gives the green tick for POSCO International to buy Senex Energy (SXY) In December, the takeover deal was announced, where POSCO will purchase Senex for more than $852 million Now, POSCO has rec...

USA-based non-partisan energy research firm, Great Plains Institute has identified 14 optimal locations for future hydrogen and carbon management hubs across the US as an early step before the Department of Energy begins doling out billions...

Key points Senex reports earnings today for the quarter ended 31 December 2021 Sales revenue gained 9% whereas net sales revenue gained 5% Capital expenditures were far higher reflecting drilling and expansion projects The company forecas...

It looks like them energy names are on the rise Wednesday, largely punching above a local market weighed down by weak US leads and possibly boredom. But don’t thank our collective refusal to acknowledge a warming planet. In this case oil pr...

ASX energy shares broadly enjoyed a strong year in 2021. The energy companies were buoyed by rising energy demand fuelled by the global reopening amid limited new supplies coming online, driving up the prices for crude oil, LNG, and coal....

Highlights OPEC+ has chosen expert Kuwaiti oil executive Haitham al-Ghais to become the next secretary-general of the organisation. OPEC+ is seeking to fulfil oil demands without creating a market glut. The group has resumed nearly tw...

Construction has kicked off at the Capital Battery after French renewables and battery storage developer Neoen doubled its size from 50 MW to 100 MW/ 200 MWh in response to the emerging market for battery services. Located in the ACT, the p...

World Overnight SPI Overnight 7339.00 – 41.00 – 0.56% S&P ASX 200 7379.30 + 25.80 0.35% S&P500 4668.97 – 43.05 – 0.91% Nasdaq Comp 15413.28 – 217.32 – 1.39% DJIA 35650.95 – 320.04 – 0.89% S&P500 VIX 20.31 + 1.62 8....

Highlights  Posco plans to acquire 100% shares of Senex Energy via a scheme of arrangement. Senex has also signed a gas sales agreement with Shell Energy Australia. Australian energy company – Senex Energy Limited (ASX:SXY) has ent...

Highlights The ASX 200 traded 0.8% higher by the mid-session on Monday. All the 11 sectors were trading in green, led by the A-REIT and energy space. Charter Hall, St Barbara, Pilbara, Netwealth and Iluka Resources topped the ASX gain...

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a decent gain. At the time of writing, the benchmark index is up 0.6% to 7,397.4 points. Four ASX shares that are climbing more than most today ar...

13 Dec 2021 - Korean steelmaker Posco International (PIC) has entered into a binding agreement to acquire Senex Energy (ASX:SXY).

The Senex Energy Ltd (ASX: SXY) share price is climbing today after the company announced its takeover by a South Korean company. The energy producer’s shares are up 2.7% trading at $4.57 at the time of writing. Senex is a Brisbane-based...

Senex Energy (SXY) gives South Korea’s POSCO International the go ahead for its takeover bid of more than $852 million All Senex shares will be acquired for $4.60 each, representing at 25 per cent premium to the 30-day volume weighted ave...

Wall Street rises despite high CPI print US stocks were higher on Friday, despite inflation rising to its highest level in 39 years. The headline US CPI rose by 6.8% in November compared to the same time last year. It was also the highest a...

Patience is a virtue for Senex Energy shareholders. 

The billionaire’s Hancock Energy will take joint ownership of Senex Energy once Posco’s takeover is completed.

The Origin Energy Ltd (ASX: ORG) share price has barely flinched on news that ConocoPhillips (NYSE: COP) has exercised its pre-emptive rights to purchase Origin’s 10% stake in Australia Pacific LNG (APLNG) for $2.21 billion. Shares in the...

Concerns that the Omicron-related sell-off would look similar to March 2020 were settled on Monday, with the S&P/ASX 200 (ASX: XJO) recovering from a steep fall at the open to post a loss of just 0.5%. The biggest contributor was a mor...

Highlights  Queensland Pacific Metals has extended its working relationship with Edify through a new MoU. QPM will purchase hydrogen from Edify’s large-scale, green hydrogen production facility at Lansdown. The hydrogen secured would...

Highlights Senex Energy dipped 5% on extending exclusivity period to Posco International. Myer shares fell despite securing a four-year funding package. Vulcan Energy Resources shares gained on lithium supply agreement with Stellantis...

Highlights The ASX 200 was down 0.35% by mid-session on Monday. The index declined 1.3% in opening trade on concerns about omicron COVID-19 variant. Barring tech and mining, all sectors were flashing in red. Travel and property stock...

POSCO International has been granted an extended period of exclusivity as it contemplates its acquisition of Senex Energy (SXY) Earlier this month, POSCO further increased it offer, for the third time, to purchase all of Senex shares for $...

The S&P/ASX 200 Index (ASX: XJO) is off its lows but still in the red this afternoon. At the time of writing, the benchmark index is down 0.35% to 7,253.1 points. Four ASX shares that are falling more than most today are listed below....

Highlights The ASX 200 index fell over 1.1% to 7,201.7 in early trade. The World Health Organization (WHO) had classified Omicron variant as "a variant of concern”. The financial space, A-REITs and energy sectors have all taken a hit...

Australia’s Senex Energy and suitor Posco have kicked their mooted $890 million deal down the road, promising to put pen to paper next month. 

ShareCafeThe Week that Was – November 8-12, 2021 We at ShareCafe understand you are busy and may not have been left with enough time to keep up with the quality content we’ve been bringing you throughout the week. To make it easier to do so...

ShareCafeTakeover Talk: SYD, SXY, API Three deals advanced to the closing rounds of their respective games yesterday. ………… Sydney Airport (ASX: SYD) has agreed to a $32 billion takeover bid by a consortium led by the superannuation fund-bac...

The ASX started the week on a downward note with tech leading the laggards despite one of Australia’s major unicorns joining the bourse and gaining over 30%. SiteMinder (ASX:SDR), a hotel commerce platform, listed on the ASX at $5.06 per sh...

Gina Rinehart’s Hancock Energy wants to go in with Korean steelmaker Posco, which over the weekend bumped up its bid for Senex Energy to $4.60 per share.

Korean steelmaker Posco International is understood to have won over ASX-listed Senex at its fourth crack over the weekend.

POSCO International Corporation further increases its offer to purchase Senex Energy (SXY) for $4.60 cash per share This is the third time POSCO has increased its offer, as just last month it offered $4.40 cash for each share Senex has al...