Hi Folks with USD Brent at 121 and AUD Brent at 168 i thought it was good time to recalculate the CFPS estimate
using Petra modelling at 95 USD oil and aUD 75 they get 6.2c . That equates a realised AUD price of 126.6 thus upgrading the above to current spot of 168 we have a 42 higher realised AUD price. assuming about 70% of this will end up as cash flow a CFPS in the 7.5-8c range is not all unrealistic. with an end of year cash per share balance of circa 2.7-2.8c and another 7-8c of potential cash flow and the stated goal of distributing back to shareholders aggressively distribution of 8c -9c of next 18 months is probable. This would still leave a running cash balance of 30-35m
HZN Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
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