HZN 2.56% 20.0¢ horizon oil limited

Turning Point

  1. 220 Posts.
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    Surely there has to be a turning point here for HZN. Oil has just hit over $50 a barrel. The last quarter HZN averaged $46 a barrel when it dropped to its lowest point at $26. Obviously due to hedging at $90 a barrel which will run out in July or so. But they were turning a profit at $46, people said the price has dropped because Commonwealth bank were dumping, they couldn't pay their bonds, & oil was dropping. Commonwealth have finished their sale, the bond repayments have been sorted and analysts predict higher oil prices towards the end of the year. I think at some stage over the next 6months there must be a turning point for HZN. Price is down but volume is relatively low. I think there is a gap to be filled from when oil prices started rising. INMHO and all that
 
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Last
20.0¢
Change
0.005(2.56%)
Mkt cap ! $316.9M
Open High Low Value Volume
20.0¢ 20.0¢ 20.0¢ $190.5K 952.7K

Buyers (Bids)

No. Vol. Price($)
4 140335 20.0¢
 

Sellers (Offers)

Price($) Vol. No.
20.5¢ 1251017 18
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Last trade - 10.06am 02/10/2024 (20 minute delay) ?
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