KAR 2.87% $1.53 karoon energy ltd

Capital Allocation & Who Dat Returns, page-11

  1. 371 Posts.
    lightbulb Created with Sketch. 181
    It strikes me as odd that those who defend KAR management are accounts that:
    1. Post nearly entirely about Karoon
    2. Do not provide any financial metrics to support their argument

    Please somebody show me a model where under any reasonable operational & exploration scenario, buying Who Dat at even half the $720m purchase price makes sense.......

    Maybe I am missing something.

 
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