As oil heads lower, it actually is a positive for Karoon for a few reasons.
a) we have no oil producing assets, so it has no impact to revenue
b) we are in acquisition mode - therefore oil assets become cheaper.
c) OIL is now back to where it was when we were finalising our bid for Bauna/Tartaruga = valuation shouldnt have changed much.
Not saying we can beat the tape - -- everything is RED, so would be surprising if we are green, but we should outperform.
Goodluck,
PB
OIL down = +ve for karoon
-
- There are more pages in this discussion • 40 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add KAR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.74 |
Change
0.000(0.00%) |
Mkt cap ! $1.392B | |||
| Open | High | Low | Value | Volume |
| $1.72 | $1.75 | $1.71 | $9.362M | 5.406M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 89746 | $1.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.74 | 20308 | 3 |
View Market Depth
| Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
| KAR (ASX) Chart |