In a note released last Friday, Macquarie Research gave KAR an outperform rating and 12-month price target of $2.00.
“With Petrobas committed to their $US27 billion divestment program, the Baúna field is more suited to a company such as KAR, who have the capability to focus lifting production volumes and accelerating the production profile. Successfully securing funding was a key step toward de-risking the acquisition, and we expect the deal to close in the [first three months of next year]. We value the [Baúna] project at $US970 million, a 50 per cent premium to purchase price [$US665 million]. The acquisition remains conditional on approvals from Brazil’s upstream regulator (the ANP) and issuance of a new environmental license by the Brazilian environmental agency (IBAMA).” - Macquarie
Source: The Age. 25/11/19
DYOR
In a note released last Friday, Macquarie Research gave KAR an...
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Last
$1.92 |
Change
0.090(4.92%) |
Mkt cap ! $1.539B | |||
| Open | High | Low | Value | Volume |
| $1.86 | $1.92 | $1.85 | $18.66M | 9.832M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 11055 | $1.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.92 | 144289 | 16 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| KAR (ASX) Chart |