Some good news?
I've been disappointed to see production drop to ~27Kblspd for a week there. I notice we're back up to near 30 from last nights data.
I was watching a Bloomberg guest commentator rave about low to mid tier oilers having outrageous FCF to MC % ratios. One he promoted was as high as 40%. He said he expected that ratio to come down in the next few months. Perhaps even as low as 10%.
I see KAR with a current MC of A$1.3b and with FCF for the coming 12 months of over A$800m at current prices.
Sure you can mention EV is a little different with a contingent deferred acquisition liability of over A$300m. Why not include a contingent asset of $200m for the deferred Browse sale proceeds. Nothing for Neon?
The current basic FCF/MC% for KAR is over 60% by my reckoning.
Recent macro events are NYMEX stirring the PoO.
China continues to import record amounts of Oil and expand storage levels as if they're expecting a WW3 event. Will the middle east nations continue to stand idle as Israel genocides the Gaza population? The BRICS+++ next step?
The PoO is about to hit the fan.
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Last
$1.88 |
Change
-0.055(2.84%) |
Mkt cap ! $1.509B |
Open | High | Low | Value | Volume |
$1.88 | $1.88 | $1.84 | $16.72M | 8.961M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 271337 | $1.88 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.88 | 56082 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 9905 | 1.870 |
1 | 5232 | 1.865 |
2 | 9232 | 1.860 |
1 | 5232 | 1.855 |
6 | 29200 | 1.850 |
Price($) | Vol. | No. |
---|---|---|
1.880 | 10400 | 1 |
1.890 | 10232 | 2 |
1.895 | 5232 | 1 |
1.900 | 6982 | 2 |
1.905 | 5232 | 1 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
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KAR (ASX) Chart |