HZN 2.56% 19.0¢ horizon oil limited

Ann: Quarterly Activities Report, page-5

  1. 4,790 Posts.
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    The oil business is certainly a sector spurned by investors.
    I wonder how low the P/E has to get before anyone takes any notice .
    Buy straw hats in winter and fur coats in summer.
    They have written their PNG assets right down but in a different economic climate they could be worth a lot.
    Investment in oil and gas is drying up and may turn the obvious present over supply into an undersupply quicker than expected
 
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