Perhaps but I think people really under appreciate the cash flow and I think the rerate will occur in expectation of large distributions
W2 8E is expected to average 4700 with peak production at 10000. That tells me that the first 6 months of the field are likely to average around 7500- 8000 per day. These are the current 6 months starting from May where two wells are already on line.
i would expect some insto money to flow into the stock.
petra estimate 6.1c cash flow on an AUD Brent ( 95 usd and 73 AUD ) of 126 , whereas we are currently at 160. This margin if maintained will deliver another 27m and a cash flow or about 7.4c for the 12 months. ( in addition to the cash they already have )
last maari lifting in Jan was sold into mid 80 hedges , this time round the oil commanded a 7 dollar premium to Brent so around 117-118. This lifting happened last week so cash banked for the quarter
so many things working in Hzns favour at present
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- EV 175. Quarterly cash flow of 38- 39 m
Perhaps but I think people really under appreciate the cash flow...
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19.5¢ |
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Mkt cap ! $316.4M |
Open | High | Low | Value | Volume |
19.5¢ | 19.5¢ | 19.0¢ | $35.63K | 182.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
30 | 896649 | 19.0¢ |
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Price($) | Vol. | No. |
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19.5¢ | 145495 | 2 |
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No. | Vol. | Price($) |
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30 | 896649 | 0.190 |
19 | 776422 | 0.185 |
26 | 1364301 | 0.180 |
14 | 642232 | 0.175 |
20 | 963628 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.195 | 145495 | 2 |
0.200 | 665349 | 8 |
0.205 | 1366841 | 13 |
0.210 | 91137 | 3 |
0.215 | 1157392 | 3 |
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