I know Stevo - Macquarie and Brookfield Asset Management will gain control of
assets Apache owns which will be the lease Karoon sold 50% to them. This is how Karoon new of the potential sale of Apache Australia oil and gas assets.
"US-based Apache said a consortium of private equity funds managed by Macquarie and Brookfield Asset Management agreed to buy Apache Energy Ltd, which owns West Australian domestic gas assets."
This is their business of getting control of assets and resell for profits. This is not a long term partnership with Karoon IMHO
"Morningstar analyst David Ellis said Macquarie had been expanding into North American gas markets and would most likely hold the assets for a short time before selling them to another party"
KAR Price at posting:
$2.44 Sentiment: Buy Disclosure: Held
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