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Horizon Oil (ASX:HZN), a small oil producer, has been a beneficiary of higher oil prices for Spheria Asset Management. In March 2026, Spheria reported owning Horizon Oil was one of the largest contributors to its fund's performance during the month, with the shares rising 17% as the company benefited from exposure to higher oil prices driven by Middle East conflict. Horizon Oil operates in the Energy sector within the Oil, Gas and Consumable Fuels industry, and Thesis Tracker has captured 3 comments from 2 fund managers, including Spheria Asset Management. Founded in 1969 and headquartered in Sydney, Horizon Oil is an oil and gas exploration, development and production company with interests in producing assets in China's Beibu Gulf and the Mereenie gas field in Australia's Northern Territory, as well as development projects in Thailand, and has historically paid significant cash returns to shareholders from its production cash flows.
Company figures as of 15 Oct 2026. For information only.
Fund managers including Spheria Asset Management and Samuel Terry Asset Management have invested in Horizon Oil Ltd (ASX:HZN).
Spheria highlights Horizon Oil's leverage to higher oil prices, which made it one of the fund's largest contributors as Middle East tensions lifted crude prices.
The available commentary does not set out specific risks, though Horizon's earnings are highly sensitive to oil prices and the performance of a small number of producing fields.
Horizon Oil Ltd, founded in 1969 and headquartered in Sydney, Australia, is an oil and petroleum exploration, development, and production company. Its operations are organized into three key segments: New Zealand, China, and Papua New Guinea (PNG). The New Zealand segment focuses on the Maari/Manaia oil field and hydrocarbon exploration. The China segment manages the Block 22/12 (WZ6-12 and WZ12-8W) oil fields and exploration. The PNG segment encompasses exploration and evaluation activities across six onshore permits: PRL 4, PRL 21, PPL 259, PPL 372, PPL 373, and PPL 430.
General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.
11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.