Thanks Mondyinvest, appreciate the response via metrics rather than rhetoric.
It might be even worse than the above comparison, as I do not believe the EBITDA comparison between Brazil / Who Dat properly factored in the level of gas production & differential between WTI/Brent.
All Brazil production is oil and sold at Brent pricing.
~70% Who Dat production is oil and sold at ~WTI pricing which is say $5/bbl less than Brent.
~30% Who Dat production is natural gas and sold at ~Henry Hub which is nearly the same price as cash production costs, so doesn't generate EBITDA.
Factor in the downgrade on production and I believe it's more like a 3.5 multiple to their stock at the time ie. i2.5x EBITDA for Brazil vs 9x EBITDA for Who Dat.
Karoon management & board is lucky this stock has no major investor with their head screwed on and is just a collection of index funds and smaller investors.
Thanks Mondyinvest, appreciate the response via metrics rather...
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Last
$1.84 |
Change
-0.025(1.34%) |
Mkt cap ! $1.470B | |||
| Open | High | Low | Value | Volume |
| $1.86 | $1.87 | $1.83 | $10.17M | 5.512M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 157594 | $1.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.84 | 86778 | 2 |
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| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
$1.84 |
Change
-0.025 ( 1.86 %) |
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| Open | High | Low | Volume | ||
| $1.86 | $1.87 | $1.83 | 1216765 | ||
| Last updated 15.59pm 17/05/2024 ? | |||||
| KAR (ASX) Chart |