HZN 1.35% 18.8¢ horizon oil limited

It is an absolute circus with these guys, they (HZN) seriously...

  1. 2,973 Posts.
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    It is an absolute circus with these guys, they (HZN) seriously need to be relieved of their duties and moved on. Put these assets into proper hands

    Contrast: AUT, ROC (in last two years) - quality management: managed their balance sheet and capitalised intelligently on their assets, value realisation.
    OSH: focus on asset development, align with high quality partner early, focus on the asset and deliver
    AWE: not that flash, but reasonable management of an OK asset base
    HZN: none of the above.

    Hand over the assets. Its been OK, there was some decent positioning and clever appraisal work, and a corporate deal (Osaka), 2-3 years ago. But your balance sheet is going to destroy you, as it did before (remember Thailand). Its a different skill set required.
    Last edited by HarkenBanks: 12/03/15
 
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