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
21.5¢ |
Change
0.015(7.50%) |
Mkt cap ! $349.4M |
Open | High | Low | Value | Volume |
21.0¢ | 21.5¢ | 20.5¢ | $852.7K | 4.032M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 273414 | 21.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.5¢ | 1407682 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 126290 | 0.210 |
13 | 771257 | 0.205 |
17 | 743833 | 0.200 |
30 | 2273718 | 0.195 |
29 | 1533560 | 0.190 |
Price($) | Vol. | No. |
---|---|---|
0.215 | 1097582 | 7 |
0.220 | 1479106 | 17 |
0.225 | 356501 | 5 |
0.230 | 247600 | 4 |
0.235 | 1102000 | 1 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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