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
Guys I have confirmed that only a minimal amount of oil needs to...
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Last
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $324.6M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.5¢ | 20.0¢ | $227.5K | 1.137M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 44 | 504465 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 412446 | 4 |
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| Last trade - 11.01am 29/07/2024 (20 minute delay) ? |
| HZN (ASX) Chart |