I am looking forward to see the confirmation of NZ acquisition. It is a bit overdue.
With additional production capability, HZN can lock in current price of $70/bbl with a bit more hedging. Last year 1mil barrel at $57 is not great consider current price, but to be honest, it is better than $40/barrel. Obviously, HZN board hold on hedging long enough, they just start hedging again recently. The price increase very quick last few months, but who can predict that.
After that, with secured revenue, draw down of secure loan to pay for high interest note is welcome. IMC should support HZN to reduce interest.
Ann: Quarterly Activities Report, page-5
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18.3¢ |
Change
-0.003(1.35%) |
Mkt cap ! $292.1M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 18.5¢ | 18.0¢ | $21.39K | 116.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 835642 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 850479 | 5 |
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