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Is RBC’s Crux Re‑Rating Altering The Investment Case For SGH’s (ASX:SGH) Energy Exposure?
RBC Capital Markets recently initiated coverage of SGH Ltd with an outperform rating, highlighting the company’s 15.5% interest in the Crux gas project in Western Australia, a joint venture with Shell that is planned to start production in the late 2020s.
The report brought fresh attention to how SGH’s Crux stake could influence the company’s long-term energy exposure and portfolio mix within its broader infrastructure and resources footprint.
We’ll now explore how this renewed focus on...