Hi Froggy044, the obvious catalysts for a move to the upside for KAR are as you listed. We all know that with every new multi-tcf discovery we can expect at least six cents to the upside at least, so by my rough calculations KAR only needs about 73 more multi-tcf discoveries to get to $8.47!! Huzzah!
All joking aside, the catalyst could be anything - the news overnight of Buffett taking a big chunk of Exxon (http://www.cnbc.com/id/101200102) could well be the start of the reversal. There are a lot of fund managers who mimic Buffett's moves, and his US$3.45 billion punt is a pretty big buy signal for O&G stocks, and it will no doubt have an impact on sentiment towards all oversold O&G stocks.
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Last
$1.48 |
Change
0.035(2.43%) |
Mkt cap ! $1.175B |
Open | High | Low | Value | Volume |
$1.46 | $1.50 | $1.43 | $9.730M | 6.621M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 83033 | $1.48 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.48 | 25305 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 83033 | 1.475 |
2 | 29006 | 1.470 |
2 | 79377 | 1.465 |
1 | 39596 | 1.460 |
1 | 10000 | 1.455 |
Price($) | Vol. | No. |
---|---|---|
1.480 | 25305 | 2 |
1.485 | 10969 | 1 |
1.490 | 15000 | 1 |
1.495 | 91593 | 4 |
1.500 | 52489 | 4 |
Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
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KAR (ASX) Chart |