HZN 0.00% 17.5¢ horizon oil limited

I am not too sure about the others but WPL is a supremely...

  1. 607 Posts.
    lightbulb Created with Sketch. 27
    I am not too sure about the others but WPL is a supremely different beast, with billions in the bank and cautious acquisition strategy. Very safe bet imo. I have held WPL for some time. I think it’s still undervalued.

    HZN deserves the share price it gets right now. We are climbing (climbed) out of a hole. Market is wary of leveraged O&G. Refer valuation when the IMC deal was cut. They offered little for our risked PNG assets. Sure our oil producing assets are worth more now but we need to commercialise our png assets. And that’s what we are doing. For that reason I think it will take a little longer to see that asset value creep back into valuations. Of course we are undervalued but it’s the brave a wise who can cash in now while the market is O&G shy.

    I also think that the market overlooked Beibu cash flow.

    IMO now is the time to hang on or get in as the risked value of our assets must now change for the better.

    DYOR
 
watchlist Created with Sketch. Add HZN (ASX) to my watchlist
(20min delay)
Last
17.5¢
Change
0.000(0.00%)
Mkt cap ! $283.2M
Open High Low Value Volume
18.0¢ 18.0¢ 17.5¢ $93.57K 530.5K

Buyers (Bids)

No. Vol. Price($)
7 274779 17.5¢
 

Sellers (Offers)

Price($) Vol. No.
18.0¢ 878685 24
View Market Depth
Last trade - 16.10pm 03/05/2024 (20 minute delay) ?
Last
17.5¢
  Change
0.000 ( 1.24 %)
Open High Low Volume
17.5¢ 17.8¢ 17.5¢ 440835
Last updated 15.59pm 03/05/2024 ?
HZN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.