Australia's Senex Energy hits 7-yr high, extends gains on strong results

Posco International

19/10/2021 05:15

** Shares of Senex Energy Ltd  SXY.AX  rise as much as 0.9%
to A$4.43, their highest since October 2014
    ** Coal seam gas producer says https://www.asx.com.au/asxpdf/20211019/pdf/451t8kyp4f4ly5.pdf
 1Q22 total production rose to 0.9 mmboe from 0.6 mmboe a year
ago
    ** 1Q22 sales revenue A$35.4 mln ($26.34 mln) vs A$19.6 mln
in 1Q21
    ** Total sales volume increased in the quarter to 0.8 mmboe
from 0.6 mmboe a year ago
    ** Stock ended about 15% higher on Monday after co said
POSCO International  047050.KS  made a A$814.8 mln takeover bid
in September  urn:newsml:reuters.com:*:nL4N2RD0WQ
    ** SXY on track for third straight session of gains
    ** More than 2 mln shares change hands, 2.6x their 30-day
average volume of 787,221 shares
    ** SXY had risen 76.5% this year, as of last close
    
  ($1 = 1.3441 Australian dollars)

 (Reporting by Dhriti Garg in Bengaluru)
 ((dhriti.garg@thomsonreuters.com))