KAR 3.03% $1.44 karoon energy ltd

Norberto are you looking at KAR as a trade or a medium/longer...

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    Norberto are you looking at KAR as a trade or a medium/longer term holding? If its the latter I'd suggest that you ignore the hourly fluctuations of the SP or you're likely to drive yourself mad. KAR is a particularly volatile stock - its got a high beta on top of which O&G drilling (even when appraisal rather than wildcat) is a risky (thus volatile) business. If you're in KAR for a trade then I'd suggest that news flow over the next month - core/flow rates at Boreas and farmin/drilling announcements in the Santos - should give plenty of upside trading opportunity.

    Don't stress too much on the day to day minutiae - imho!
 
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