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
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $324.6M |
Open | High | Low | Value | Volume |
20.0¢ | 20.0¢ | 19.5¢ | $147.9K | 746.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
32 | 575845 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 560088 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
31 | 558095 | 0.195 |
25 | 2237276 | 0.190 |
6 | 326271 | 0.185 |
18 | 1044295 | 0.180 |
30 | 1183069 | 0.175 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 560088 | 3 |
0.205 | 2357514 | 14 |
0.210 | 1730901 | 15 |
0.215 | 217392 | 4 |
0.220 | 275050 | 3 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
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