HZN 1.35% 18.3¢ horizon oil limited

Turning Point

  1. 220 Posts.
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    Surely there has to be a turning point here for HZN. Oil has just hit over $50 a barrel. The last quarter HZN averaged $46 a barrel when it dropped to its lowest point at $26. Obviously due to hedging at $90 a barrel which will run out in July or so. But they were turning a profit at $46, people said the price has dropped because Commonwealth bank were dumping, they couldn't pay their bonds, & oil was dropping. Commonwealth have finished their sale, the bond repayments have been sorted and analysts predict higher oil prices towards the end of the year. I think at some stage over the next 6months there must be a turning point for HZN. Price is down but volume is relatively low. I think there is a gap to be filled from when oil prices started rising. INMHO and all that
 
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Last
18.3¢
Change
-0.003(1.35%)
Mkt cap ! $292.1M
Open High Low Value Volume
18.5¢ 18.5¢ 18.0¢ $21.39K 116.3K

Buyers (Bids)

No. Vol. Price($)
19 835642 18.0¢
 

Sellers (Offers)

Price($) Vol. No.
18.5¢ 850479 5
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Last trade - 10.55am 03/07/2024 (20 minute delay) ?
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