Cheers Fairclough. Here's another way of looking at what...

Cheers Fairclough. Here's another way of looking at what happened to Horizon since July 2014. In earlier posts I provided charts of a number of oilers and calculated the price falls from July last year to 19/6/15. The following attempt shows what gains the oilers have to make to get the current share price back to the levels they were in July 2014. The exercise probably demonstrates more acutely what has happened especially to Horizon.

Tap Oil needs to increase its shareprice (19/6 closing price) by a factor of 23% to get back to July '14 levels
Otto Energy by 28%
Oil Search by 29%
AWE by 37%
NZ oil by 58%
Kina Petroleum by 63%
Beach 65%
Horizon by a staggering 342%

That’s right, Horizon’s share price needs to increase by 342% to get back to where it was in July 2014 (someone please check my calcs as I really hope I've miscalculated). The contrast between it and other oilers couldn’t be any starker and this from my perspective is what ordinary shareholders like me are interested in and most pxxxxd off about.

Nice find jo20, I need to take a bit of time to go through the report. Cheers, M1