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0.39%

$1.90 karoon energy ltd

any guesses on where it opens tomorrow?

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Dpowell

362 Posts.

278

16/11/23

11:53

Post #: 70936199
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Originally posted by ProPunter23Red: ↑

The deal is a tad expensive at US$23.20 USD / bbl for 2P with WI costs in the GoM, but the deal gets them inclusion in the asx200 and a heap of index buying so I can see why management got suckered into it, plus it derisks from exposure to further Brazilian tax changes.

What always gets lost on these deals is the destruction to the share price, i.e. the discount it effectively placed on their existing Brazilian assets, so really the purchase price cost them and extra $200m, as I can't see it trading above $2.40 any time soon.

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any guesses on where it opens tomorrow?

KAR Price at posting: $2.15 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $1.90		Change -0.008(0.39%)		Mkt cap ! $1.514B

Open	High	Low	Value	Volume
$1.90	$1.91	$1.88	$4.221M	2.235M

Buyers (Bids)

No.	Vol.	Price($)
25	107070	$1.90

Sellers (Offers)

Price($)	Vol.	No.
$1.90	39152	18

View Market Depth

No.	Vol.	Price($)
28	66459	1.885
25	84649	1.880
21	119745	1.875
19	151264	1.870
12	55226	1.865

Price($)	Vol.	No.
1.890	100929	42
1.895	82352	21
1.900	184402	18
1.905	35179	8
1.910	295524	12

Last trade - 12.08pm 30/04/2024 (20 minute delay)


Last $1.90			Change -0.008 ( 0.11 %)
Open	High		Low	Volume
$1.89	$1.91		$1.88	496591
Last updated 12.27pm 30/04/2024 ?

KAR (ASX) Chart