Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/strike-energy-ltd" target="_blank" data-smartkarma-citation="entities:12473:1" rel="noopener">Strike Energy (STX AU)</a>'s transition from a pure explorer to an upstream gas producer hasn't exactly gone to plan. </li>
<li>Strike started pumping &amp; selling gas from its Perth-basin Walyering project in September 2023; and green lit a gas-fired peaking power plant in November 2024.</li>
<li>The share price is now at a six-year low. Yesterday, Strike announced CEO, non-executive chair, and NED changes/retirements; and following an independent review, a move towards a smaller board.</li>
</ul>



Strike Energy (STX AU)'s transition from a pure explorer to an upstream gas producer hasn't exactly gone to plan. 
Strike started pumping &amp; selling gas from its Perth-basin Walyering project in September 2023; and green lit a gas-fired peaking power plant in November 2024.
The share price is now at a six-year low. Yesterday, Strike announced CEO, non-executive chair, and NED changes/retirements; and following an independent review, a move towards a smaller board.


Smartkarma's AI Co-Pilot, Smartkarma

αSK

Smartkarma's AI Co-Pilot

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Equity Bottom-Up

<ul>
 <li>
<a href="https://smartkarma.com/entities/strike-energy-ltd">Strike Energy</a> is transitioning from a pure-play gas explorer to a vertically integrated energy provider, strategically positioned to capitalize on the tightening Western Australian (WA) domestic gas market.</li>
 <li>The company's core strategy involves monetizing its significant Perth Basin gas resources through both direct gas sales and downstream, higher-margin projects, notably the South Erregulla gas-fired peaking power station.</li>
 <li>While possessing high-quality, low-cost assets and a clear growth strategy, the company faces considerable execution, financing, and commodity risks associated with its large-scale development projects.</li>
</ul>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.


  
Strike Energy is transitioning from a pure-play gas explorer to a vertically integrated energy provider, strategically positioned to capitalize on the tightening Western Australian (WA) domestic gas market.
  The company's core strategy involves monetizing its significant Perth Basin gas resources through both direct gas sales and downstream, higher-margin projects, notably the South Erregulla gas-fired peaking power station.
  While possessing high-quality, low-cost assets and a clear growth strategy, the company faces considerable execution, financing, and commodity risks associated with its large-scale development projects.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: Strike Energy (STX AU) - May 2026

<ul>
<li>
<a href="https://www.smartkarma.com/entities/ly-corp" target="_blank" data-smartkarma-citation="entities:19603:1" rel="noopener">LY (4689 JP)</a>'s ¥3,232/share bid for <a href="https://www.smartkarma.com/entities/kakaku-com-inc" target="_blank" data-smartkarma-citation="entities:7408:1" rel="noopener">Kakaku.com (2371 JP)</a>, contingent on DD being granted and passed. should be enough to get <a href="https://www.smartkarma.com/entities/digital-garage-inc" target="_blank" data-smartkarma-citation="entities:13747:1" rel="noopener">Digital Garage (4819 JP)</a> triggered. There's more to come.</li>
<li>Concurrent with dispatching its Bidder's Statement for <a href="https://www.smartkarma.com/entities/atlas-arteria-ltd" target="_blank" data-smartkarma-citation="entities:14430:1" rel="noopener">Atlas Arteria (ALX AU)</a>, IFM lodges its own Panel application, specifically centred on Chicago Skyway's right of first offer involving Ontario Teachers</li>
<li>
<a href="https://www.smartkarma.com/entities/strike-energy-ltd" target="_blank" data-smartkarma-citation="entities:12473:1" rel="noopener">Strike Energy (STX AU)</a>, who's upstream transiton has proved challenging, announced CEO, non-executive chair, and NED changes/retirements; and following an independent review, a move towards a smaller board.</li>
</ul>



LY (4689 JP)'s ¥3,232/share bid for Kakaku.com (2371 JP), contingent on DD being granted and passed. should be enough to get Digital Garage (4819 JP) triggered. There's more to come.
Concurrent with dispatching its Bidder's Statement for Atlas Arteria (ALX AU), IFM lodges its own Panel application, specifically centred on Chicago Skyway's right of first offer involving Ontario Teachers

Strike Energy (STX AU), who's upstream transiton has proved challenging, announced CEO, non-executive chair, and NED changes/retirements; and following an independent review, a move towards a smaller board.


Last Week In Event SPACE: Kakadu, Atlas Arteria, Strike Energy, New World Development

<ul>
<li>Australia's ASIC releases the aggregated short position data four business days after the reporting day. Data in this insight is up to 23rd March, published ~9AM on the 27th March.</li>
<li>The largest industry net increase in the past week was into "Healthcare Distributors"; the largest industry net decrease was out of "Diversified Metals &amp; Mining". Net shorts declined A$2.3bn week-on-week.</li>
<li>Companies mentioned in this regular weekly report include: <a href="https://www.smartkarma.com/entities/pilbara-minerals-ltd" target="_blank" data-smartkarma-citation="entities:7460:1" rel="noopener">Pilbara Minerals (PLS AU)</a>, <a href="https://www.smartkarma.com/entities/sigma-healthcare-ltd" target="_blank" data-smartkarma-citation="entities:15966:1" rel="noopener">Sigma Healthcare (SIG AU)</a>, <a href="https://www.smartkarma.com/entities/yancoal-australia-ltd" target="_blank" data-smartkarma-citation="entities:4145:1" rel="noopener">Yancoal Australia (YAL AU)</a>, <a href="https://www.smartkarma.com/entities/lotus-resources-limited" target="_blank" data-smartkarma-citation="entities:13978:1" rel="noopener">Lotus Resources (LOT AU)</a>, and <a href="https://www.smartkarma.com/entities/treasury-wine-estates-ltd" target="_blank" data-smartkarma-citation="entities:710:1" rel="noopener">Treasury Wine Estates (TWE AU)</a>.</li>
</ul>


Australia's ASIC releases the aggregated short position data four business days after the reporting day. Data in this insight is up to 23rd March, published ~9AM on the 27th March.
The largest industry net increase in the past week was into "Healthcare Distributors"; the largest industry net decrease was out of "Diversified Metals &amp; Mining". Net shorts declined A$2.3bn week-on-week.
Companies mentioned in this regular weekly report include: Pilbara Minerals (PLS AU), Sigma Healthcare (SIG AU), Yancoal Australia (YAL AU), Lotus Resources (LOT AU), and Treasury Wine Estates (TWE AU).


Aussie Shorts (23rd Mar 2026): Pilbara Minerals, Sigma Healthcare, Yancoal, Treasury Wine Estates

Asia Pac ECM and Index Rebal, DZT Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

DZT Research

DZT Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Mar 20th (reported today). The aggregated short interest was USD36.7bn.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Evolution Mining, 4Dmedical Ltd, Sigma Pharmaceuticals, Insurance Australia, Coles.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Mar 20th (reported today). The aggregated short interest was USD36.7bn.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Evolution Mining, 4Dmedical Ltd, Sigma Pharmaceuticals, Insurance Australia, Coles.


ASX Short Interest Weekly (Mar 20th): Evolution Mining, 4Dmedical Ltd, Sigma Pharmaceuticals

Australia

Strike Energy Limited is an oil and gas exploration company whose exploration activities are located in the Carnarvon Basin in Western Australia and the Cooper Basin in South Australia.

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Strike Energy (STX AU)

Time To Revisit Strike Energy (STX AU)

Strike is down >40% in the past 12 months. The board overhaul and a new discovery at Walyering are positive. Taking Strike into its fold makes...

David Blennerhassett

Primer: Strike Energy (STX AU) - May 2026

Strike Energy is transitioning from a pure-play gas explorer to a vertically integrated energy provider, strategically positioned to capitalize...

αSK

Last Week In Event SPACE: Kakadu, Atlas Arteria, Strike Energy, New World Development

It’s Sunday! Pour yourself a coffee, grab a comfortable seat, and sift through a brief summary of insights on various events discussed during the...

David Blennerhassett

Aussie Shorts (23rd Mar 2026): Pilbara Minerals, Sigma Healthcare, Yancoal, Treasury Wine Estates

As at the 23rd March 2026, total shares short amounted to ~A$52.2bn down~A$2.3bn in the past week. The largest industry net increase in the past...

David Blennerhassett

ASX Short Interest Weekly (Mar 20th): Evolution Mining, 4Dmedical Ltd, Sigma Pharmaceuticals

We analyzed ASX short interest report for the past week and highlight short interest changes in Evolution Mining, 4Dmedical Ltd, Sigma...

Ke Yan, CFA, FRM

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