With oil prices in the US$80-$90/bbl Karoon is a cash flow monster .
No one needs $200/bbl as it would only result in demand destruction and a collapse of the oil price down to below the cost of production in many markets .
The Middle East and Ukraine are like to remain unstable for the foreseeable future so supportive for the POO . That should be more than enough for Karoon’s plans to deliver returns for shareholders and grow its business .
Strap in. Lift off., page-357
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Last
$1.83 |
Change
0.050(2.81%) |
Mkt cap ! $1.466B | |||
| Open | High | Low | Value | Volume |
| $1.80 | $1.84 | $1.79 | $8.392M | 4.606M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6282 | $1.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.83 | 79500 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| KAR (ASX) Chart |