I haven't been in this stock for a number of years and don't know to much about oil and gas but I do know what drives share price.
To me it is not there is much selling there is just little or no buying. When this occurs share price falls as the buyers say why would I buy now if I can buy it cheaper tomorrow and the sellers/traders panic.
The key to this stock is the cash flow that is produced in the short to medium term and what the balance sheet will look like.
We have a quarterly coming out at the end of the month does anyone have a prediction on net cash inflow/outflow for the quarter. This will tell us what the balance sheet will look like.
If the balance sheet and cash weakens from here we are stuffed IMO.
But if cashflow is positive and the balance sheet is healthy we may rally.
SP, page-10
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Last
19.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $308.3M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.0¢ | 18.5¢ | $148.1K | 782.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 39 | 1376701 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 286426 | 2 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| HZN (ASX) Chart |