Brent is down. That's good for Karoon as they are BUYING not PRODUCING.
Brent is down and ALL ASX oil stocks are getting whacked - total of 259 million shares short
Karoon is the highest shorted ASX oil stock by % of issued capital. Why ???
Karoon has the lowest number of issued shares of any significant ASX oil co.
Do the shorts know something that has not been made public? Probably not, I hope they are just
trying to ride the KAR graph from $10 to zero.
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 0 Summary of Short Sales 1 ASX Oil & Gas Companies > $200 MM Market Cap 2 https://www.shortman.com.au/stock?q=kar [/url] 3 Symbol Name Shares Issued Short % Total Shares Short Approx Daily Short % Producing 4 KAR Karoon 245,721,153 6.21% 15,259,284 44% No 5 BPT Beach 2,277,030,477 3.04% 69,221,727 40% Yes 6 FAR FAR Energy 5,461,532,458 2.15% 117,422,948 10% No 7 WPL Woodside 936,151,549 0.78% 7,301,982 20% Yes 8 OSH Oilsearch 1,523,631,192 0.58% 8,837,061 25% Yes 9 ORG Origin 1,759,441,775 0.46% 8,093,432 25% Yes 10 SEA Sundance 6,874,237,963 0.42% 28,871,799 25% Yes 11 CVN Carnarvon 1,189,888,259 0.22% 2,617,754 20% No 12 LNR Lonestar 752,187,211 0.10% 752,187 10% Yes 13 AUT Aurora 448,785,778 0.10% 448,786 0% Yes 14 STO Santos 2,082,911,041 0.04% 833,164 40% Yes 15 RFE Red Fork 501,051,719 0.00% 0% Yes 16 17 Total 24,052,570,575 1.08% 259,660,124 22%
Looking just at Karoon for the last 4 weeks:
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 0 KAROON DAILY SHORT SALES VERSUS TOTAL DAILY TRADES 1 Date Gross shorts 1 Issued capital % Capital shorted 2 Trade volume 3 Shorts as % of volume 4 Ordinary Sales 2 21-Nov 704,056 245,721,153 0.28% 1,938,404 36.32% 1,234,348 3 20-Nov 144,177 245,721,153 0.05% 483,866 29.80% 339,689 4 19-Nov 280,388 245,721,153 0.11% 733,498 38.23% 453,110 5 16-Nov 262,313 245,721,153 0.10% 521,607 50.29% 259,294 6 15-Nov 617,568 245,721,153 0.25% 1,651,743 37.39% 1,034,175 7 14-Nov 751,826 245,721,153 0.30% 1,076,404 69.85% 324,578 8 13-Nov 208,217 245,721,153 0.08% 472,081 44.11% 263,864 9 12-Nov 134,222 245,721,153 0.05% 406,998 32.98% 272,776 10 9-Nov 304,198 245,721,153 0.12% 559,447 54.37% 255,249 11 8-Nov 178,360 245,721,153 0.07% 353,646 50.43% 175,286 12 7-Nov 67,628 245,721,153 0.02% 390,147 17.33% 322,519 13 6-Nov 106,694 245,721,153 0.04% 252,016 42.34% 145,322 14 5-Nov 65,850 245,721,153 0.02% 111,542 59.04% 45,692 15 2-Nov 120,381 245,721,153 0.04% 432,856 27.81% 312,475 16 1-Nov 291,963 245,721,153 0.11% 712,373 40.98% 420,410 17 31-Oct 195,526 245,721,153 0.08% 644,240 30.35% 448,714 18 30-Oct 184,067 245,721,153 0.07% 407,248 45.20% 223,181 19 29-Oct 244,759 245,721,153 0.10% 408,928 59.85% 164,169 20 26-Oct 210,615 245,721,153 0.08% 389,194 54.12% 178,579 21 25-Oct 293,929 245,721,153 0.12% 329,852 89.11% 35,923 22 Totals 5,366,737 12,276,090 43.72% 6,909,353 23 1 Reported gross short sales. 2 % Capital reported as short sold (non aggregated). 3 Stock trade volume - ASX only (see notes). 4 See notes.
Spot Brent in a tumble from $86 to $63 over last few weeks and this has impacted long term Brent Futures
so Sinochem must be getting a bit nervous on its 40% of Peregrino. Sinochem are merging with
ChemChina who spent $43 Billion buying a Swiss Chemical company called Syngenta in addition
to about 5 prior acquisitions so they are one of China's heavily indebted behemoths.
Bauna is light oil but has produced 119,721,000 barrels of the original 196,000,000 so at 30,000 BOPD
is not a long enough life asset to meet Karoon's acquisition parameters. Peregrino is the go.
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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. |
---|---|---|
$1.70 | 1499 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5782 | 1.690 |
1 | 5782 | 1.685 |
5 | 44592 | 1.680 |
1 | 5782 | 1.675 |
6 | 24231 | 1.670 |
Price($) | Vol. | No. |
---|---|---|
1.700 | 9782 | 2 |
1.705 | 5782 | 1 |
1.710 | 20782 | 2 |
1.715 | 5782 | 1 |
1.720 | 8782 | 2 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
KAR (ASX) Chart |
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