HZN 5.71% 18.5¢ horizon oil limited

17% -21.5 % yield within 2 months

  1. 20,362 Posts.
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    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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Last
18.5¢
Change
0.010(5.71%)
Mkt cap ! $300.2M
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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
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Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
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