HZN - Horizon Oil
- Thread starter imajica
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I had a small parcel, which I sold yesterday at a small tidy profit but bought back in today, although I bought it when the price was quite high (46.5c).
I think it'll skyrocket once again when they confirm the amount of oil recoverable at Beibu, which I expect to be significant.
I think it'll skyrocket once again when they confirm the amount of oil recoverable at Beibu, which I expect to be significant.
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Thinking I might get into these guys tommorrow morning. Anyone else share my optimism on these guys for a quick trade 
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I would have liked to see it higher than the open of a couple of days ago.
You are more game than I at catching falling knives.
John
You are more game than I at catching falling knives.
John
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Just have a feeling about this one, the next few days will see though, also like ARU for tommorrow.
Think I will have a punt on both. If I'm wrong you can have a laugh at me at weeks end.
Think I will have a punt on both. If I'm wrong you can have a laugh at me at weeks end.
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Hope you're laughing
Im tied right up until thursday with options.
just hope LHG can make a few more cents
John
Im tied right up until thursday with options.
just hope LHG can make a few more cents
John
Hi all,
The stock is on a downward trend at the moment, but I think when they start producing oil from the recent discoveries offshore China the price will rise. I believe that they are on track for production early next year.
Another good sign is that Roc Oil have a major stake in the wells.
Does anyone have any thoughts about the mid to long-term prospects of Horizon?
The stock is on a downward trend at the moment, but I think when they start producing oil from the recent discoveries offshore China the price will rise. I believe that they are on track for production early next year.
Another good sign is that Roc Oil have a major stake in the wells.
Does anyone have any thoughts about the mid to long-term prospects of Horizon?
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Overall volume confirm hasn't been perfect but looks like this one might be turning around??? Market a bit undecided today but great volume.
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Looks like this stock has bottomed out according to charts. Oil price has rebound a bit too. Production should be happening in 12 months so I've decided to start accumulating this stock. I like horizon as it has quite an interesting portfolio in NZ, Thailand, China, US......good selection with the pride and joy the Maari field in NZ which they have a stake of 5mbo. Anyone else interested in this one?
LifeisShort said:
Yes mate, tip-toed my way into HZN at 11c about 18 months ago ”” wish I'd kicked the door down getting in now! Heavily diluted but a strong set of assets and appears quality management. Assuming the POO starts moving back up, we'll see a re-rating in HZN.
Also been following your comments on NWR, have a few oppies there, good minds thinking alike
Cheers
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Not wrong there. Good to see you have NWR.....have any BMN? Anyway HZN looks like being a nice oil producer in the making.....some really good blocks in excellent areas and you are spot excellent management. Its a pity that it looks like no exploration this year as company is concentrating on producing in NZ and China. at 200 mil cap I think once production starts should see a rerating and hopefully by that time will see oil price climb a bit.
LifeisShort said:
No BMN, have been a little skeptical about the U fever and missed some great gains.
No exploration likely for HZN, but should have some news on Lei Dong (potential farmins, seismic re-analysis, etc) and always potential for positive news on the Gulf of Thailand project. Then there's always the possibility of a takeover....
Cheers
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Yes the downside is no exploration planned this year but like you said thre might be some other interesting developments. I'll be tracking the NZ progress closely.
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The Mauri Bay is set to start up porduction in April 2008 and china having good potential in 2008, Might hold off on a buy these ones for a few months.
With oil on the rise this company looks a good buy at the momement.By July they should be producing 50000 barells a day from N.Z grounds and 15000 barells a day from China.ABM-AMRO values them at0.44 cents,directors have bought heavily recently and oil going up.They could have a good week?
michael_selway
Coal & Phosphate, thats it!
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With oil on the rise this company looks a good buy at the momement.By July they should be producing 50000 barells a day from N.Z grounds and 15000 barells a day from China.ABM-AMRO values them at0.44 cents,directors have bought heavily recently and oil going up.They could have a good week?
Hi do u know what the mine life of HZN is?
Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS -0.3 -0.3 4.1 10.1
DPS 0.0 0.0 0.0 0.0
thx
MS
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wow, someone just bought 1 M shares, and buyers are stacking up.
is it something going on?
long time no news for HZN even though oil pricei is moving up.
maybe ann soon?
any thought?
is it something going on?
long time no news for HZN even though oil pricei is moving up.
maybe ann soon?
any thought?
michael_selway
Coal & Phosphate, thats it!
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Powerkoala, do u know if HZN has a limited mine life?
Also AED if you know.
thx
MS
AED - Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS -4.2 -11.0 234.6 150.2
DPS 0.0 0.0 0.0 0.0
Anyone following this stock here?
The project at China seems to be a very genuine with more upside chance than downsides, and that factor doesnt seem to have factored into its sp yet. With both the partners PSA and ROC already reflected in their higher sp.
The project at China seems to be a very genuine with more upside chance than downsides, and that factor doesnt seem to have factored into its sp yet. With both the partners PSA and ROC already reflected in their higher sp.
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