Guys
I have confirmed that only a minimal amount of oil needs to be kept in Maari tanks ( around 25-50k gross ) which means only about 12.5 k of the existing end of March inventories. Assume production net to HZN of 100k the June lifting could have been as high as 155k
wlth oil slowly trending up ( now 115 Aud ) and minimal capex on the last half and big shareholders screaming out for the distributions I think a 3 c distribution is an increasing probability . Either way mid year dist on 14c SP is 17-21% . Add this to the robust demand story and challenged supply HZN presents a great opportunity for a continued yield play . Infact free cash flow given lack to capex is as robust as it’s ever been
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- 17% -21.5 % yield within 2 months
17% -21.5 % yield within 2 months
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Last
18.5¢ |
Change
0.010(5.71%) |
Mkt cap ! $300.2M |
Open | High | Low | Value | Volume |
17.5¢ | 18.5¢ | 17.5¢ | $611.4K | 3.346M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 90950 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.0¢ | 462009 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 90950 | 0.180 |
5 | 629491 | 0.175 |
33 | 1526113 | 0.170 |
27 | 2018650 | 0.165 |
43 | 1823158 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.190 | 462009 | 8 |
0.195 | 299408 | 2 |
0.200 | 212000 | 3 |
0.210 | 47500 | 1 |
0.220 | 77600 | 2 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
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