HZN has been pretty vocal about their hedging in place so increases in oil aren't going to do much to the short term share price. Two key points to address by management before share price will get traction;
1) 25% reduction in projected oil production from NZ development - have they managed any CAPEX reduction in the current environment
2) Addressing long term debt and convertible bond issue
The latter made all the HZN presentations 6 months ago but was missing off the recent quarterly and oil council preso. If CBA have them so overweight, maybe they can stump up a refinancing package.
HZN has been pretty vocal about their hedging in place so...
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Last
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $324.6M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.5¢ | 19.5¢ | $196.8K | 983.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 1137937 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 168638 | 3 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| HZN (ASX) Chart |