HZN 3.45% 14.0¢ horizon oil limited

The sinking turd

  1. 1,942 Posts.
    lightbulb Created with Sketch. 59
    Periscopes down. All I can hope is that this SP behaviour is the precursor to a takeover from OSH (as per AUT - same thing, uncanny shorting prior to takeover by Baytex). OSH will then get the $130m milestone from Osaka (as the HZN PRL 21 gas can be sold through PNG LNG T3) to pay off HZN debt. I think OSH is the only company in that position - in terms of being able to put the gas through a brownfield expansion.

    The bad thing for us is that a premium of say 40% on VWAP (where VWAP is headed) is only about 18c. Premium of 20% on VWAP would be 14-15c.

    You would think OSH would then hoover up Talisman/Repsol's interests and the game would be over.

    The HZN management would likely be out of jobs, and probably find it hard to be re-employed in the industry based on the HZN debacle (except perhaps overseas), but will have plenty of stock to cash in.

    Rise turd, rise! float to the surface!
 
watchlist Created with Sketch. Add HZN (ASX) to my watchlist
(20min delay)
Last
14.0¢
Change
-0.01(3.45%)
Mkt cap $189.0M
Open High Low Value Volume
14.5¢ 14.5¢ 14.0¢ $50.54K 359.2K

Buyers (Bids)

No. Vol. Price($)
12 638648 14.0¢
 

Sellers (Offers)

Price($) Vol. No.
15.0¢ 1634798 10
Last update - 16.10pm 23/10/2018 (20 minute delay) ?
HZN (ASX) Chart
GET SUPPORT arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.