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HZN - Horizon Oil

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Holding onto this one for a while yet. Looks like a very good prospect for the future.

Looks to be in a holding pattern for now (between 29c and 35c) though while the market is volatile.
 
Up 3.5 no news out... drill report on WEI due... should be at depth now... hmmm

( HZN holder )
 
Up to 0.44 -.45 today.... no news out ... having a nice week...... hope this continues ...
 
Hi all.

Been buying these over the last week as a BESBS (during drilling) play. While I like CUE as a company, I thought that there might be a little better leverege for the punters in HZN given the SP had dipped below CUE for much of this last week. Still a month to see what eventuates as the drill turns. Hoping for a 25% return as the day traders dip in later.

Time will tell...


Holding HZN
 
Still holding on to HZN as the drill bit turns. Would love 25% profit. Getting closer to that level but won't hold to the bottom unless early good news is released...

Holding HZN at 18c
 
hey besbs player,
Manaia is a low risk appraisal well that is going to flow around 3000 BOPD...
the fact that Manaia has flowed oil already, although 40 years ago, and that it was drilled on the edge of the structure, means that there is plenty of upside when drilled updip
 
HZN needs that deal in PNG to work ; should be hearing something now ? If it falls over , so will the hZZZZZZZn price
 
Hey Bonk,
HZN doesnt need the deal,
not on those terms anyway...
I worked out the pricing of the deal, and it comes to about $1 dollar per barrel (BOE) that P3GE are paying... very very cheap...
paying 55million US for billion dollar assets...
now if the deal is off HZN would fall abit, but HZN have a whole heap of support from Maari, and Manaia looking very good...
inground valuations are far too low, compared to the much higher valuations at production stage...
 
Latest ASX announcement today. So far so good - hydrocarbons as expected. Now the interesting part of the drilling starts...next 1000m shall tell the story.


Holding HZN at 18c
 
Hi BESBS,

just curious, is this a BESBS play for you?

If so, does the presence of hydrocarbons change your BESBS theory and do you hold until they results are announced or does this just mean you hold for a longer time closer to spud because things are swinging in the favour of hydrocarbons and a positive result but still sell before spud?

Would like some feedback on this so i can get into your head to try and understand how you do the BESBS thing and what influences you. I have seen a few posts of yours and understand you know your stuff so hopefully i can learn something from this.

HZN holders, hope this is an OK question to ask here and although it is tied to BESBS it is also aligned with this particular drill so worth asking i think.

JW
 
Hi JW,

Good questions.
Initially I entered into HZN as a BESBS play but like many of the longer drillings (ie. 30 days +), any SP run tends to occur mid way down once we get closer to results and the punters know that mechanical failure is less likely (or at least it has been free of mechanical breakdowns to that point). HZN fits this model.

In this case, HZN is also an appraisal well, so the odds of success are higher than the usual 10% wildcat strike rate (although some parts of the GoM and Cooper Basin are better than 10%). With this in mind, I waited hoping for early hydrocarbon shows.

At this stage, I am still in HZN.

I'll be watching now for further positive drilling news soon. If no news and we start to get towards TD, I'll jump out quickly as I hate to make a loss and this is already higher risk than my usual plays. By the time I get out, I'll probably drop 20% of my profit but given I am set at 18c, there is a buffer to protect my capital. If the good news does occur shortly, I'll be still in and cash in...

Not sure if this helps.


Cheers,
BESBS
 
Decided to jump ship from HZN...finished today.

Given that testing has been delayed for a few weeks, I decided to take the profits and move the cash to OEX. While I still like HZN and might re-appear in a few weeks, I'm happy to punt that a sudden rise in the OEX SP as a BESBS play is more likely in the next 4 weeks (immediate time frame) than HZN rocketing now that the testing is slightly delayed.

Good luck to all holders. No reason why HZN still can't motor along once testing resumes...

Bought HZN at 18c, out at 25.5 ave. (35% profit)
 

There is also meant to be an announcement this week about their PNG project which could provide stimulus if they get a good deal.
 
subi1 said:
There is also meant to be an announcement this week about their PNG project which could provide stimulus if they get a good deal.
Click to expand...

ann out today it eqates to over 5c per share surprised it hasent moved.
must of been factored in
 

Attachments

  • part sale hzn.pdf
    220.2 KB · Views: 16
Hello everyone,
For those of you not aware euroz securities released an updated research paper yesterday on HZN.
In it they subscribed an immediate value of 37c and a short term target of 47c on confirmation of mainia and m2a wells in new zealand.Today the stock closed at 28.5c with a high of 29c.It is not hard to see that a considerable gain short term could be made on this stock.
Disclosure; i own this stock
Please do your own research and seek professional advice and buy at your own risk
Good luck
 
Congratulations Budgy for your maiden posting.

Could you attach the research report from Euroz ?
I noticed on 4th Sept Bell Potter also stated CVN as buy. They turned around from Sell to Buy in three weeks time.
THis time I followed their advice at 180 degree. So when they said buy I sold CVN

Disclaimer DNH
 
Congratulations Budgy for your maiden posting.

Could you please attach the research report from Euroz ?
I noticed on 4th Sept Bell Potter also stated CVN as buy. They turned around from Sell (4 Aug 09) to Buy on 4 Sept 09.
You call it as a research by a host of experts (i call idiots) and with so many financial modelling, research - all rubbish

This time I followed their advice at 180 degree. So when they said buy I sold CVN

Disclaimer DNH
 

Attachments

  • CVN SELL 04 08 09.pdf
    462.6 KB · Views: 23
sold out today (28.5c) just feel running to hot
plus lack of ann in near term if right will jump back in around 25/26c
 

Attachments

  • hzn_ax17mar09_to_18sep09.png
    9.2 KB · Views: 163
I came across a little info on HZN in an ABM Amro report - speculative with high exposure to oil price it says.

Didn't really say very much but did a little research and liked what i found so bought in on 9 Sept.

So far so good and am quietly confident of its short to mid term future. Good cash flow coming up and costs under control - all in all i like it.

I know some of you have made a nice profit earlier and got out (understandably) but i can't see any reason for bailing out other than pocketing a real tangible profit and not risking losing it.

Im on this train for a little while i think - looking good.
 
I'm on this one, got in about a year ago (fortunate timing indeed.)

Enormous volume of shares were traded last Friday.
 
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