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.
I made my decision to buy HZN based on current production of...
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Last
19.0¢ |
Change
0.005(2.70%) |
Mkt cap ! $308.3M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.0¢ | 18.5¢ | $167.5K | 885.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 830773 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 493730 | 12 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| HZN (ASX) Chart |