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17.5¢ horizon oil limited

Besides the jurisdiction risk, the other key problem is that the...

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ftroop

498 Posts.

108

16/05/24

22:12

Post #: 73867147
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Originally posted by SnowGoose2285: ↑

This thing is a cash machine.

I am not sure why it flies so far below the radar. I guess the jurisdictions are a concern for some. For me this is not an issue in China with CNOOC as operator there. It seems like O&G has less of a target on its back in New Zealand now but Maari does needs to get its permit extension still.

The 2P reserves are low, but clearly they have shown an ability to replace them at Block 22/12 and Maari's slow decline rate is well publicized in their presentations, again not a concern for me.

Mereenie may not have been the acquisition everyone was hoping for, but there is something to be said for the discipline shown by it. They did not want to over spend on an asset and effect shareholder returns. In a world where debt for junior oil companies isnt always easy to come by they bought a stake in project from a bank, who in turn gave them the facility. No destroying the balance sheet or issuing equity. I can live with this.

This stock has been one of the easiest stocks in my portfolio to own and I look forward to many more juicy dividends.

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Besides the jurisdiction risk, the other key problem is that the dividends are unfranked.

HZN Price at posting: 18.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 17.5¢		Change 0.000(0.00%)		Mkt cap ! $283.2M

Open	High	Low	Value	Volume
17.0¢	17.5¢	17.0¢	$172.6K	990.9K

Buyers (Bids)

No.	Vol.	Price($)
12	458656	17.0¢

Sellers (Offers)

Price($)	Vol.	No.
17.5¢	1360293	8

View Market Depth

No.	Vol.	Price($)
11	398656	0.170
21	2147441	0.165
37	2269219	0.160
8	691898	0.155
30	1940309	0.150

Price($)	Vol.	No.
0.175	1360293	8
0.180	1066197	16
0.185	1202825	15
0.190	5432969	12
0.195	112000	3

Last trade - 16.10pm 06/06/2024 (20 minute delay)


Last 17.3¢			Change 0.000 ( 1.47 %)
Open	High		Low	Volume
17.5¢	17.5¢		17.0¢	62958
Last updated 15.59pm 06/06/2024 ?

HZN (ASX) Chart