–
Potential Buy Entry Alert to Watch HZN
Time Frame : Daily/Weekly
Sector : Energy/Oil and Gas
Key Stats : $175.77 Million Market Cap, VWAP 0.14, ASX Ranking 606, 4 Week Av Turnover $192,341, Current Turnover (Intraday as at time of alert) $472,612, PE 2.7.
Company Overview : Horizon Oil Limited (HZN) is an oil and gas exploration, development and production company with projects located in New Zealand, Papua New Guinea and China. The company focuses on three main areas, being the producing Maari field offshore New Zealand, and assets under development in Papua New Guinea and China.
Broker Consensus : Not covered by a major broker
–
HZN – Horizon Oil Limited
HZN is building nicely on the longer term timeframe and we expect to see price get a kick higher if the Iran/US situation takes a further turn for the worse. Buyers have already been supporting price above the 0.10 zone and have shown further interest today as volumes picks up. Higher prices will depend on whether the rally in oil is short lived or longer term so we have this on the radar for now. Even if Oil settles down, the price action suggests longer term new highs.
–
Stock Code : HZN – Horizon Oil Limited
Company Website : www.horizonoil.com.au
Current Price : 0.14
Status : On watch for potential higher low and push up through 0.17
