Senex Energy’s Surat Basin projects have received a boost from the securing of a senior debt facility.
A glance through the latest expert views and predictions about commodities. China’s greener policies are leading to increased burning of coal, for now, while the US shale revolution is hampered by infrastructure constraints with RBC Capital worried about short term outlook for iron ore prices.
Cash conversion was strong at GUD Holdings in FY18 and brokers highlight the potential for the company to consolidate its position in the automotive segment.
Reactions to Independence Group’s downgrade to reserves at Nova have been mixed but brokers generally agree mine life has been shortened.
Michael Gable of Fairmont Equities suggests watching for a breakout for TechnologyOne, with a return to the uptrend on the cards.
Peter Switzer of the Switzer Super Report tuns to pictorial evidence to support his positive view.
Delays to the high-grade feed at Monty and the looming end to DeGrussa’s mine life are pressuring Sandfire Resources to find and develop more copper-gold resources.
AMP has “reset” its expectations, implying a profit warning, but brokers fear there is likely still more to come as uncertainties remain.
Fortescue Metals delivered record June quarter shipments but brokers remain concerned about the lack of detail on capex in FY19, hoping some uncertainties will be allayed in the August results.
Craig Parker of Moat Capital suggests 6500 is the next level to watch for the ASX200.
