Might be this article from Livewire causing the rise today.
"Last year I formed the view that there were opportunities in oil stocks. A handful of oil producers lagged the oil price as equity investors doubted the sustainability of the rebound. But a number of factors suggest that oil, while the price will of course be volatile, is now well into a cyclical bull market.
If you can find a business that managed to successfully navigate the period where oil prices bottomed around US$30 in early 2016 then the chances are good that it will flourish now that the tide has turned.
That search led me to Horizon Oil (ASX:HZN) which, if my thesis is correct and management can execute, could quite reasonably be worth 2-3x current prices. Here’s why."
Full article here
https://www.livewiremarkets.com/wires/us-100-oil-on-the-horizon[/BCOLOR]
Possible Takeover???, page-7
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Last
21.5¢ |
Change
0.015(7.50%) |
Mkt cap ! $349.4M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 21.5¢ | 20.5¢ | $852.7K | 4.032M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 273414 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 1407682 | 11 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| HZN (ASX) Chart |