KAR 2.22% $1.38 karoon energy ltd

Big news overnight, Bauna deal terms very likely to be revised, page-6

  1. 133 Posts.
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    If Karoon could get an amended terms, Karoon might be lucky twice. They sold Poseidon for $600 mil before oil price crash. Now they have bought a field, but not completed until the oil price crashed and this gives them more room for negotiation. I am not sure we could give credit to management, it may be just plain luck.
 
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