Positive developments with the shutdown and reduction in tax liability in my view.
I suspect management are close to announcing an acquisition within Brazil or Gulf of Mexico. My preference would be for excess funds to be allocated towards M&A improving the geographic and political risk. In the event that they don't find a suitable opportunity it makes sense to distribute accumulated FCF & cash via a dividend.
Patience is required here - we need to see an uptick in the oil price for this to really fly in the second half of this calendar year
Positive developments with the shutdown and reduction in tax...
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Last
$1.70 |
Change
-0.015(0.88%) |
Mkt cap ! $1.361B | |||
| Open | High | Low | Value | Volume |
| $1.70 | $1.70 | $1.67 | $6.485M | 3.843M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5782 | $1.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.70 | 1499 | 1 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| KAR (ASX) Chart |