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
$1.53 |
Change
0.055(3.73%) |
Mkt cap ! $1.215B | |||
| Open | High | Low | Value | Volume |
| $1.48 | $1.53 | $1.47 | $8.888M | 5.912M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7000 | $1.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.53 | 13273 | 3 |
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| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| KAR (ASX) Chart |