Certainly Scotty intimated in the half yearly Q&A he's looking to acquire something, however ...
That Shell Gulf sale article is from 14 months ago.
Also, that $1.5b is US$1.5b or A$2.35b in A$ terms.
A Rights Issue of $500m is very unlikely, they'd go to Sophs and offer shareholders a Rights Issue bone to help avoid dilution.
Why are Shell and ConocoPhilips leaving the Gulf? It would represent a new level of risk, despite Scotty's previous exposure.
Brazil Oil is in demand, with its light sweet blend going for a premium to Brent. Is it possible that some whale will look at KAR (with Neon development potential and Clorita drill potential), as a takeover target?
Petrobras SP is booming.
Luke Gromen's recent interview makes 5m of interesting viewing:
from 48m mark:
M&A - my guess, page-2
Add KAR (ASX) to my watchlist
 (20min delay)
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Mkt cap ! $1.370B | |||
| Open | High | Low | Value | Volume |
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| Price($) | Vol. | No. |
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| Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
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| Last updated 15.59pm 06/06/2024 ? | |||||
| KAR (ASX) Chart |