Transerv's Share Price Performance Demonstrates It's Not All Doom-and-Gloom in the Energy Sector

Gavin Wendt


Mention the energy sector to anyone and the obvious association is negative. Plummeting oil prices, an ongoing battle between OPEC and US shale producers, CSG plays on the nose in eastern Australia and the resounding disappointment/failure of the burgeoning 'unconventional' energy sector in Australia. But amongst the gloom there are a few exceptions - and this is one. At a time when virtually all energy stocks are on the nose with investors, this advanced exploration play - Transerv Energy (ASX: TSV) has grown significantly in stature as it steadily de-risks its flagship Warro energy project in WA. Among a host of attractions are an advanced and increasingly large resource base, proximity to nearby pipeline infrastructure/energy markets, a motivated farm-in partner and end-user (Alcoa) that’s fully-funding all appraisal activity to the tune of $100 million. Adding to the credibility of this emerging production story is the fact that recent drilling successes have led to a more-than-doubling of the project’s overall resource base.

Gavin Wendt
Gavin Wendt
Founding Director

Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Please sign in to comment on this wire.

trending on livewire
Get the best of Livewire by signing up to our popular daily newsletter