Hi all it’s very interesting that MST have much lower oil price assumptions built in their projections , current spot is about 11 USD of 15 AUD higher than FY 21 projections and about 10 AUD above FY 22 projections . This difference alone is approx 20m AUD extra cash flow then assumed over 1 year and closer to 35m over 2 . Naturally the valuation gap grows the more oil appreciates and even though the bull case valuation assumes a 75 dollar oil price , that is is 2026 , so if it comes 5 years earlier the valuation of HZN increases substantially to around 23-24c I think this is one of the best risk / reward energy stocks listed on the ASX I except a rerate to 12-14c to occur over next 3 -6 months
HZN Price at posting:
8.6¢ Sentiment: Buy Disclosure: Held
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