1. $90 - $95m EBITDAX for FY18 is impressive, especially relative to peers on the EV multiple. Interesting that HZN forecast most of the peers to have net debt at FY18? I haven't looked at all the forecasts in detail but seems odd. If they do end up in that position, relatively it should be good for us.
2. Net debt of $130 - $140m in FY18 indicates a little more than c. $25m to $35m of net cash flow during the year (excluding Maari acquisition). Variation will be due to lifting timings I guess.
I do like it how most of the oilers on the ASX are very focused these days. HZN seem happy to hedge a portion of their revenue, continually aim to reduce opex, work with operators to gain production efficiencies, reduce net debt / interest through restructuring and of course, steadfastly focus on WLNG for growth. I really don't see much they could be doing better at the moment?
1. $90 - $95m EBITDAX for FY18 is impressive, especially...
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Last
18.0¢ |
Change
-0.005(2.70%) |
Mkt cap ! $292.1M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 18.5¢ | 17.5¢ | $218.3K | 1.216M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 861384 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 130646 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| HZN (ASX) Chart |