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
18.5¢ |
Change
0.005(2.78%) |
Mkt cap ! $299.4M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.5¢ | 18.0¢ | $181.0K | 992.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 319633 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 2356484 | 37 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
18.3¢ |
Change
0.005 ( 1.39 %) |
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| Open | High | Low | Volume | ||
| 18.0¢ | 18.5¢ | 18.0¢ | 421570 | ||
| Last updated 15.42pm 10/05/2024 ? | |||||
| HZN (ASX) Chart |