HZN in the PNG takeover action., page-2

First 2 Last

Share
Profile

Follow
mukesh2001

752 Posts.

10/09/15

08:02

Post #: 15966747
Share

Originally posted by m0ngy ↑

The big hope for Horizon is that it will commercialise its massive Stanley gas field most likely through participation in the PNG LNG Project, operated by ExxonMobil and in which Oil Search has a stake. Takeover action that brings cashed up players to the table increases the chance this will happen. Oil Search was seen as the main predator for Horizon but has its own debt problems. Woodside is much bigger and financially capable. If it gets its hands on Oil Search (or perhaps Santos as the Eureka Report has suggested) it will want to work with partners in the PNG LNG project to use all its production potential. That means going after Horizon or it's assets. Last night the PNG cabinet indicated that while it wanted more money for its 10% shareholding in Oil Search it does not oppose the Woodside deal outright. But the cash strapped PNG Government will also want to maximise the potential of the PNG LNG Project. They don't like massive assets like the Stanley field not producing royalties for them. There are several possibilities that could play out here but Horizon is certainly being circled by the majors, as was reported in the AFR some time ago. And the share price of Horizon, down by 75% in a year, makes it a very attractive as either a take-over target or a part of a new proposal to commercialise Stanley. EIther would see a dramatic SP improvement, probably back into the 20 cent range or higher.

Expand

When do you think this might happen? If at all..

HZN Price at posting: 8.5¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Plagues precede widespread power shifts. We’re living in one – and minerals are at the fore

RDN

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

SBW

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

FHE

Frontier Energy achieves key milestone for Waroona energy project

There are more pages in this discussion • 232 more messages in this thread...

First 2 Last

Add HZN (ASX) to my watchlist

(20min delay)
Last 18.0¢		Change -0.005(2.70%)		Mkt cap ! $300.2M

Open	High	Low	Value	Volume
18.5¢	18.5¢	18.0¢	$129.6K	717.6K

Buyers (Bids)

No.	Vol.	Price($)
2	99922	18.0¢

Sellers (Offers)

Price($)	Vol.	No.
18.5¢	286357	7

View Market Depth

No.	Vol.	Price($)
13	1496614	0.175
35	1717845	0.170
29	1537626	0.165
44	1710145	0.160
14	1318240	0.155

Price($)	Vol.	No.
0.185	336357	8
0.190	587010	9
0.195	399409	3
0.200	212000	3
0.210	47500	1

Last trade - 10.30am 24/06/2024 (20 minute delay)

HZN (ASX) Chart

HZN in the PNG takeover action., page-2

Plagues precede widespread power shifts. We’re living in one – and minerals are at the fore

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

Frontier Energy achieves key milestone for Waroona energy project

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

HZN in the PNG takeover action., page-2

Top Stories

Plagues precede widespread power shifts. We’re living in one – and minerals are at the fore

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

Frontier Energy achieves key milestone for Waroona energy project

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News