I made my decision to buy HZN based on current production of ~1.3 M bpa.
It's probably now worth factoring in the extra ~ 350k bpa from WZ12-8E that will come on line in Q2 given that the platform is now onsite and legs deployed. I was a little surprised that update was hidden away in the quarterly given the last update we had it had to be towed back to port for repairs.
Anyway at $90 a barrel and with Chinese production costs at around $13 a barrel x 350 k bpa - the incremental revenue from this expansion is pretty compelling on top of an already compelling story.
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Last
20.0¢ |
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Mkt cap ! $324.6M |
Open | High | Low | Value | Volume |
20.0¢ | 20.0¢ | 19.5¢ | $137.8K | 693.9K |
Buyers (Bids)
No. | Vol. | Price($) |
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35 | 460658 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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20.0¢ | 202116 | 2 |
View Market Depth
No. | Vol. | Price($) |
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34 | 442908 | 0.195 |
22 | 1663019 | 0.190 |
5 | 360866 | 0.185 |
17 | 1031249 | 0.180 |
25 | 874497 | 0.175 |
Price($) | Vol. | No. |
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0.200 | 202116 | 2 |
0.205 | 1348045 | 11 |
0.210 | 1705670 | 15 |
0.215 | 217392 | 4 |
0.220 | 275050 | 3 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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