Aussie & global fund managers are seriously underweight oil and gas and there are few pure oil plays for them to buy on the ASX.
Karoon is cheap and now a scarce commodity as one of the few listed pure oil plays on the ASX. Now oil is pushing $100/bbl, it should be well bid for the rest of 2023.
Macquarie says Karoon worth $5.15 if oil > 100, page-624
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Last
$1.84 |
Change
0.100(5.75%) |
Mkt cap ! $1.474B | |||
| Open | High | Low | Value | Volume |
| $1.79 | $1.85 | $1.78 | $10.19M | 5.568M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 40861 | $1.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.85 | 25012 | 5 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| KAR (ASX) Chart |