HZN 5.13% 18.5¢ horizon oil limited

Brent 67 - not a bad day for webinar

  1. 20,447 Posts.
    lightbulb Created with Sketch. 2010
    Hi Guys
    with Brent now 67 and oil traders calling 100 dollar oil, the rerate of HZN has to be close. Brokers had a FY 21 and 22 oil price of 45- low 50s and we are in Feb and sitting at 67. At this rate cash flow likely to exceed HZN forecasts by 20m plus which means a lot more available to return to shareholders
    Hopefully the MD gives us some detail on how far ahead of guidance they are tracking
    wouldn’t be surprised the CNOOC doesn’t have a crack , if they bought HZN for what they paid for Roc years ago they would be paying more than 2 times current SP
 
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