Thanks for the link - its good to see t/o talk attributed to particular brokers even if it is just puffery at this stage. I find the comment from MQB that any corporate activity would have already occured before the farm-out slightly surprising. Surely the likes of BG or Sinopec would be happy to have full ownership of a (say) 200mmbbl oil reserve rather than being in a JV with KAR and PacRubiales?
The line that may get KAR some buying interest is near the top "No peer in the developed Asia-Pacific region is projected to gain value faster, as analysts estimate Karoon will trade 61 percent higher in 12 months, according to data compiled by Bloomberg" . Even if it doesn't, good results in/around March will fix the SP regardless.
Thanks for the link - its good to see t/o talk attributed to...
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Last
$1.80 |
Change
0.038(2.12%) |
Mkt cap ! $1.458B | |||
| Open | High | Low | Value | Volume |
| $1.79 | $1.83 | $1.78 | $6.142M | 3.397M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 33284 | $1.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.81 | 108668 | 42 |
View Market Depth
| Last trade - 12.32pm 26/06/2024 (20 minute delay) ? |
| KAR (ASX) Chart |