Some insto broker feedback: deal viewed as positive as fills void of solid producing mid tier e&p in ASX, and logical given similar strategies, is complementary and creates more financial clout. Perhaps mergeco can take over from KAR/AWE?
I share that view in the broad, but think the specific deal is a stinker for reasons I posted before.
Note however brokers have been at odds with market on both companies for a while now, with valuations far exceeding SPs.
Short term it might be a bit of a sandwich for those looking to achieve anything/value. I have the snout out to hoover some up at cheap - seems consistent with the HZN management view of their own company. I was happy to break even at least, from the most recent iteration (mixed performance LT so far).
they now joined at the hip in terms of SP, you would think....
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Some insto broker feedback: deal viewed as positive as fills...
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Open | High | Low | Value | Volume |
18.5¢ | 19.0¢ | 18.5¢ | $111.8K | 595.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
53 | 1111724 | 18.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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19.0¢ | 301354 | 16 |
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No. | Vol. | Price($) |
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53 | 1111724 | 0.185 |
48 | 2567047 | 0.180 |
16 | 928960 | 0.175 |
16 | 452743 | 0.170 |
6 | 103125 | 0.165 |
Price($) | Vol. | No. |
---|---|---|
0.190 | 301357 | 16 |
0.195 | 2115150 | 25 |
0.200 | 1511747 | 22 |
0.205 | 346554 | 9 |
0.210 | 1241540 | 11 |
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