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$1.84 karoon energy ltd

They're lining up for an acquisition at the right price imo

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blueskybaby

4,863 Posts.

566

23/08/23

11:54

Post #: 69499082
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Originally posted by Andyrooo: ↑

The CEO said at the end of the Annual Report recital and just before the Q&A, that shareholder capital reurns decision have been deferred by another 6 months ... because of the 6 week Patola shutdown.

This didn't really pass the Pub Test or the Sniff Test with me. H2FY23 profit was still within guidance. I mean they could've started with a nominal dividend to get the ball rolling.

I got the impression he was moreso (very) interested in M&A in the Gulf of Mexico, even a non operating interest but is waiting for the Price is Right. Existing finance is being renegotiated, despite FY24 FCF. What other reason could there be?

He sounded most positive about Neon, although with first production still 5 years out, he was interested in a fill in asset between Bauna and then. In particular, he was seeking a partner to develop it, for cost mitigation.

Notably, he said strong demand for Bauna crude still exists and at a gross premium to the Brent price.

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They're lining up for an acquisition at the right price imo

KAR Price at posting: $2.24 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $1.84		Change -0.025(1.34%)		Mkt cap ! $1.470B

Open	High	Low	Value	Volume
$1.86	$1.87	$1.83	$10.17M	5.512M

Buyers (Bids)

No.	Vol.	Price($)
23	157594	$1.83

Sellers (Offers)

Price($)	Vol.	No.
$1.84	86778	2

View Market Depth

No.	Vol.	Price($)
20	108498	1.830
11	244449	1.825
16	137238	1.820
3	74705	1.815
9	37866	1.810

Price($)	Vol.	No.
1.835	86778	2
1.840	6400	1
1.845	16005	4
1.850	80370	5
1.855	228874	4

Last trade - 16.10pm 17/05/2024 (20 minute delay)


Last $1.84			Change -0.025 ( 1.86 %)
Open	High		Low	Volume
$1.86	$1.87		$1.83	1216765
Last updated 15.59pm 17/05/2024 ?

KAR (ASX) Chart