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Resources Stocks Down Under 22 July 2021: Horizon Oil, Red River Resources, Caspin Resources
Horizon Oil: Going with the flow
In today’s edition of Resources Stocks Down Under, Horizon Oil is an upstream oil and gas explorer with a focus on expanding its current Asia-Pacific portfolio. After a difficult time attempting to expand into gas production and development in Papua New Guinea, the company has reset its growth strategy to expand production at its Chinese and New Zealand operations and increase its overall cash generation in the medium term. Although it hasn’t completely ruled out the possibility of acquiring new oil and gas assets.
Also in today’s edition, a look at zinc, lead, copper and gold miner Red River Resources (ASX: RVR) and nickel and copper miner Caspin Resources (ASX: CPN).
Click here to read the previous edition of Resources Stocks Down Under published 15 July 2021