STX - Strike Energy
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Its the old saying average companies with great management is a better choice sometimes than a great company with average management.
STX is in the middle of an identity crisis, either be a gas producer and supplier or be a explorer and developer.
STX is in the middle of an identity crisis, either be a gas producer and supplier or be a explorer and developer.
prob ably right there @countrylad. Maybe their strategic way forward could well be determined with the outcome to strategic review and appointment of new CEO all post Stu and with new outlook on where the company should be with the right choices. They got gas, in fact pumping with gas ... right choices are needed very soon.
Kind regards
rcw1
Good afternoon
rcw1 won't be bold enough to say STX SP turning the corner, but, will say there are some good signals that indicate things might just move along north nice and steady freddy ...
Watching in anticipation.
Chart Update:
Daily
Holding %hit loads
Kind regards
rcw1
rcw1 won't be bold enough to say STX SP turning the corner, but, will say there are some good signals that indicate things might just move along north nice and steady freddy ...
Watching in anticipation.
Chart Update:
Daily
Holding %hit loads
Kind regards
rcw1
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STX:ASX Announcement - CFO and Company Secretary Transition - 06 May 2025
Read STX's full ASX announcement titled "CFO and Company Secretary Transition" from 06 May 2025, on Market Index.
www.marketindex.com.au
locating CFO locally
movement at the station alright ... needs to break on through to that other side of $0.200 and continue unabated ....
Listened to this STX presentation by Jill, a number of times, both rum on board and rum not on board ha ha ha ha.
Some really good things said, although probably could have been presented better (just rcw1 view), anyways the company anticipates producing electricity into the grid using its own gas, by October 2026 ... with coin from pending sale coming prior to electrons hitting the grid ... nice
Just another string to the bow....
Cannot wait until CEO announced along with the Strategic Review outcomes... Hopefully some firm clear objectives/goals ...
@countrylad probably hafta say, at this stage all the above. Exciting times ahead reckon.
rcw1 view, holding *hit loads of STX shares, and could be blinded by being hopeful for success as allot to lose. Those reading this should conduct own due diligence.
Kind regards
rcw1
Good evening
SP still 'dilly dallying around', previous posts this month have clearly painted the picture at the time. Patience waning somewhat ... Await Strategic Review outcomes, appointment of new CEO and way forward.
Anyways, hoping June will be more revealing...
STX is a rcw1 yearly comp. select.
Holding
Kind regards
rcw1
SP still 'dilly dallying around', previous posts this month have clearly painted the picture at the time. Patience waning somewhat ... Await Strategic Review outcomes, appointment of new CEO and way forward.
Anyways, hoping June will be more revealing...
STX is a rcw1 yearly comp. select.
Holding
Kind regards
rcw1
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@rcw1 with STX unfortunately at present it is a sink or swim scenario me thinks.
If I take the advice of the "bloke in the mirror" and buy back in, I fear I will become shark bait, as with my previous excursion into STX was not a happy outcome.
I still STX on my watchlist because I am a sucker for this company and hope that it comes up with the "good oil" at some stage.
I might even weaken and once again spurge a bit of coin, never know.
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Public Holiday in WA today so unlikely and announcement, but that would be elite STX board to do so, who knows.
Good evening
Peter Stokes appointed Managing Director and CEO effective 10 June 2025. Announcement attached.
SP closed at $0.16 ha ha ha ha ha ha
Best volume for a long time. Price suppressed yet again.
Looking forward to strategic review outcomes announcement. Direction is needed. Hopefully things will fall into place short term ...
holding
kind regards
rcw1
Peter Stokes appointed Managing Director and CEO effective 10 June 2025. Announcement attached.
SP closed at $0.16 ha ha ha ha ha ha
Best volume for a long time. Price suppressed yet again.
Looking forward to strategic review outcomes announcement. Direction is needed. Hopefully things will fall into place short term ...
holding
kind regards
rcw1
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Not holding but still watching!!!!
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Am holding and watching closely, strategic review released is next step. this is a very good asset that needs some maturity especially in the commercial sense, I am hoping for better management from here on.
Most interesting news, not surprised about a take over bid. If this news article is true, then questions will surely be asked of the Strike BoD... Has been too quiet for too long.
Published by Bridget Carter DataRoom Editor The Australian Newspaper electronic 8pm 24/06/25:
Based on its recent interest in assets, it has many in the market betting that after coming forward with an offer to buy Santos with ADNOC, The Carlyle Group may not leave it there and will add other Australian acquisitions to its agenda.
Already, Carlyle last year tried to buy the Macedon asset in the Perth Basin from Woodside, of which Santos was also a shareholder, but the asset was retained.
Now DataRoom can reveal that an offer was made to buy Strike Energy, which also operates in the Perth Basin, and interest may have earlier emerged for the Santos-controlled Perth Basin assets.
Carlyle has funds to deploy for energy investments – and if they are not used for deals within a certain time frame then they are returned to the investors, which makes it a motivated buyer.
Carlyle is partnering with ADNOC for Santos, and there’s a view that if a transaction receives approval then Carlyle’s role will be to take the Perth Basin assets that Santos owns.
Globally, Carlyle has been highly active on energy deals but, for ADNOC, its play for Santos came as a surprise for some due to its hesitance to take on complex transactions of such a nature.
One view is that having the expertise of Carlyle executives involved is what enabled it to navigate deals of such complexity, and it gave ADNOC confidence to move forward with a buyout plan.
The private equity firm, which has $US453bn of assets under management, is described as a sophisticated investor which is data driven and analytical.
The pair joining forces has been described as a clever business model, where ADNOC takes the major Santos assets and Carlyle would take on those that are less loved within the portfolio.
Only this week, Carlyle joined with natural gas producer Diversified Energy to invest as much as $US2bn in mature oil-and-gas fields, as the private-equity firm seeks to capitalise on rising demand for energy by backing assets that generate steady cashflow.
The Wall Street Journal reported that investing alongside Carlyle will make it easier for the publicly traded company to acquire natural-gas and oilfields across the US, according to Carlyle’s head of asset backed finance in its global credit group, Akhil Bansal.
Increased emphasis on energy security by governments, combined with rising demand for electricity to power artificial-intelligence systems, was one of the deal drivers, he said.
Diversified sees opportunities in the non-core assets that large energy producers are shedding.
This is following a wave of multibillion-dollar mergers and acquisitions in the US oil-and-gas sector during the past few years, he said.
It’s also looking at the private equity-backed companies which sponsors are eager to sell after an extended period of subdued asset sales in the sector.
Last year, Carlyle swooped on a portfolio of gas assets in Italy, Egypt and Croatia, buying the assets from London-based Energean. The assets are expected to produce the equivalent of 47,000 barrels of oil per day.
It’s previously invested in Neptune Energy, Assala Energy and SierraCol, to establish a stand-alone, leading exploration and production company in the Mediterranean, through organic growth initiatives and mergers and acquisitions.
Jarden analysts said in a research note that they expected that the timeline for the $8.89-a-share Santos buyout could involve due diligence being completed in August, and investors could vote on a deal by the first quarter of 2026, if all goes to plan.
Jarden expects key regulatory focus areas to include the roughly 24 per cent market share that Santos has in the WA domestic gas market, the bidder’s commitments to maintain the Santos brand and an Adelaide headquarters and local operations.
If Santos assets need to be sold as part of the conditions for regulatory approval, Beach Energy could be a buyer of some.
Additional reporting: The Wall Street Journal
Published by Bridget Carter DataRoom Editor The Australian Newspaper electronic 8pm 24/06/25:
Carlyle targeted Aussie energy groups ahead of Santos play
The Carlyle Group lobbed an offer for Strike Energy in addition to Woodside assets and may have even bid for parts of Santos before it emerged as a backer for the Abu Dhabi National Oil Company’s latest $29bn-plus energy play.Based on its recent interest in assets, it has many in the market betting that after coming forward with an offer to buy Santos with ADNOC, The Carlyle Group may not leave it there and will add other Australian acquisitions to its agenda.
Already, Carlyle last year tried to buy the Macedon asset in the Perth Basin from Woodside, of which Santos was also a shareholder, but the asset was retained.
Now DataRoom can reveal that an offer was made to buy Strike Energy, which also operates in the Perth Basin, and interest may have earlier emerged for the Santos-controlled Perth Basin assets.
Carlyle has funds to deploy for energy investments – and if they are not used for deals within a certain time frame then they are returned to the investors, which makes it a motivated buyer.
Carlyle is partnering with ADNOC for Santos, and there’s a view that if a transaction receives approval then Carlyle’s role will be to take the Perth Basin assets that Santos owns.
Globally, Carlyle has been highly active on energy deals but, for ADNOC, its play for Santos came as a surprise for some due to its hesitance to take on complex transactions of such a nature.
One view is that having the expertise of Carlyle executives involved is what enabled it to navigate deals of such complexity, and it gave ADNOC confidence to move forward with a buyout plan.
The private equity firm, which has $US453bn of assets under management, is described as a sophisticated investor which is data driven and analytical.
The pair joining forces has been described as a clever business model, where ADNOC takes the major Santos assets and Carlyle would take on those that are less loved within the portfolio.
Only this week, Carlyle joined with natural gas producer Diversified Energy to invest as much as $US2bn in mature oil-and-gas fields, as the private-equity firm seeks to capitalise on rising demand for energy by backing assets that generate steady cashflow.
The Wall Street Journal reported that investing alongside Carlyle will make it easier for the publicly traded company to acquire natural-gas and oilfields across the US, according to Carlyle’s head of asset backed finance in its global credit group, Akhil Bansal.
Increased emphasis on energy security by governments, combined with rising demand for electricity to power artificial-intelligence systems, was one of the deal drivers, he said.
Diversified sees opportunities in the non-core assets that large energy producers are shedding.
This is following a wave of multibillion-dollar mergers and acquisitions in the US oil-and-gas sector during the past few years, he said.
It’s also looking at the private equity-backed companies which sponsors are eager to sell after an extended period of subdued asset sales in the sector.
Last year, Carlyle swooped on a portfolio of gas assets in Italy, Egypt and Croatia, buying the assets from London-based Energean. The assets are expected to produce the equivalent of 47,000 barrels of oil per day.
It’s previously invested in Neptune Energy, Assala Energy and SierraCol, to establish a stand-alone, leading exploration and production company in the Mediterranean, through organic growth initiatives and mergers and acquisitions.
Jarden analysts said in a research note that they expected that the timeline for the $8.89-a-share Santos buyout could involve due diligence being completed in August, and investors could vote on a deal by the first quarter of 2026, if all goes to plan.
Jarden expects key regulatory focus areas to include the roughly 24 per cent market share that Santos has in the WA domestic gas market, the bidder’s commitments to maintain the Santos brand and an Adelaide headquarters and local operations.
If Santos assets need to be sold as part of the conditions for regulatory approval, Beach Energy could be a buyer of some.
Additional reporting: The Wall Street Journal
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@rcw1 wow if true an offer was lobbed and BOD were silent about it
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@rcw1 just read the strategic review, are they kidding? 6 months to release that, nothing substantially new was released, this has to be one of the poorest run companies on the ASX.
Good evening
Strategic Review attached. What have been waiting for. Disappointed in it ... yes.
The review reveals a path forward ... not much innovation, but certainly some actions to cement being a gas explorer and electricity maker. For a SP sitting at $0.145 - $0.155 the document didn't sit well with rcw1 to inspire faith and challenge discontent with the BoD.
No hint of any take over.
See what the next 6 months brings.
Kind regards
rcw1
Strategic Review attached. What have been waiting for. Disappointed in it ... yes.
The review reveals a path forward ... not much innovation, but certainly some actions to cement being a gas explorer and electricity maker. For a SP sitting at $0.145 - $0.155 the document didn't sit well with rcw1 to inspire faith and challenge discontent with the BoD.
No hint of any take over.
See what the next 6 months brings.
Kind regards
rcw1
