KAR 1.62% $1.57 karoon energy ltd

Having a look at the TY2023 Report - "Cash for strong balance...

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  1. 154 Posts.
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    Having a look at the TY2023 Report - "Cash for strong balance sheet, growth, dividend" (in this order, apparently)

    1. Neon - FEED - Early 2025 ; FID - 2025 - CAPEX required in 2026? Plenty of cash to accumulate until then (
    2. Who Dat - Some potential organic growth there from what I can see - might require some CAPEX (40% of the total, given KAR owns 40%)
    3. Like the strategy of entering GoM in a "brownfield" asset (already with established operations) to diversify from Brazil

    I believe KAR Management is doing a good homework... If there is no crazy capital allocation or huge drop in oil prices, it looks pretty positive for me.

    https://hotcopper.com.au/data/attachments/6001/6001836-db9f05fa8055a7f9b7ed9245f7554a22.jpghttps://hotcopper.com.au/data/attachments/6001/6001859-7cc2ba0c282a60ea94de464ffb05f204.jpg

    https://hotcopper.com.au/data/attachments/6001/6001879-7eb3b56b326f4f37285b266f05455574.jpg
 
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