Macquarie says Karoon worth $5.15 if oil > 100, page-165

With the unavoidable recession to be officially called, commodities will be sold off, oil included. Consumer consumption accounts for 70% of the US GDP calculation (Australia would be similar), the impact of high oil price and/or energy is felt almost immediately.

I would not be surprised to see POO go back to $85/bbl, if not lower.

Before you shout me down, I know Russia bans, I know Karoon's forward growth projection, but it feels like we may see more pain before the gain can be enjoyed.

Also depends on the mid term election is the US at the end of year, whether the FED will allow the markets to become disorderly before then.