KAR is a trading stock, hard to invest in it, as set and forget holding.
Production guidance in "MMobe" moved lower by 7.5%, but what does that equate to in revenue terms?
6000 cubic feet equates to one barrel of oil equivalent. Currently one barrel of oil equivalent would equate to approx USD $8.00. So focusing on oil at USD$85/bbl makes sense. What % impact does make is revenue terms, certainly not the headline 7.5% reduced production.
But KAR management has probably lost some short term credibility, they believed the SP was hampered by being a single asset, yet the Who Dat deal did very little for the share price. The due diligence appears to have been flawed and they are being held to account for probably overpaying for Who Dat
One Bauna well is offline, recent reported production numbers may indicate another problem could well be looming.
Could the share price achieved a better outcome by targeting a farm in partner/s for Neon and develop that and stay away from Who Dat?
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$1.91 |
Change
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Mkt cap ! $1.518B |
Open | High | Low | Value | Volume |
$1.93 | $1.94 | $1.87 | $9.822M | 5.184M |
Buyers (Bids)
No. | Vol. | Price($) |
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47 | 97924 | $1.90 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.91 | 2781 | 5 |
View Market Depth
No. | Vol. | Price($) |
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49 | 105460 | 1.895 |
43 | 115139 | 1.890 |
24 | 59769 | 1.885 |
24 | 142556 | 1.880 |
15 | 306444 | 1.875 |
Price($) | Vol. | No. |
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1.900 | 89004 | 30 |
1.905 | 86434 | 21 |
1.910 | 189989 | 19 |
1.915 | 360043 | 16 |
1.920 | 48491 | 11 |
Last trade - 14.43pm 07/05/2024 (20 minute delay) ? |
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Last
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Change
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Last updated 15.03pm 07/05/2024 ? |
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