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
$1.40 |
Change
-0.030(2.10%) |
Mkt cap ! $1.091B | |||
| Open | High | Low | Value | Volume |
| $1.42 | $1.45 | $1.39 | $3.298M | 2.345M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 23830 | $1.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 51420 | 4 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| KAR (ASX) Chart |