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$1.70 karoon energy ltd

Karoon Cash Flow to double to over US$150m / Quarter, page-16

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24/11/21

13:31

Post #: 57816511
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Originally posted by Edson: ↑

Karoon has been ignored by the Aussie instos for years and for good reason, as it was primarily an exploration company with no earnings. By nature such companies are speculative due to their "hit and miss" profile of corporate activity. Karoon had some early success in Australia and then Brazil, then a series of misses until recently. It traded sideways for years.

It is now a company in transformation. The Bauna acquisition has turned it into an oil producer and with the 1H22 workovers and 2H22 Patola expansion, a significant one at 30,000 per day. With oil prices over $80/bbl and consistent earnings the new management team is making the company investable. The stock is extremely cheap and fundamentals will eventually drive stock prices.

IMO because the Aussie market has discounted KAR for so long, therein lies the opportunity.

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don’t forget the consistent capex to come ahead of those consistent earnings

KAR Price at posting: $1.81 Sentiment: Hold Disclosure: Held
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0 Great analysis

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(20min delay)
Last $1.70		Change -0.015(0.88%)		Mkt cap ! $1.358B

Open	High	Low	Value	Volume
$1.73	$1.74	$1.70	$4.480M	2.619M

Buyers (Bids)

No.	Vol.	Price($)
6	51674	$1.70

Sellers (Offers)

Price($)	Vol.	No.
$1.70	3733	1

View Market Depth

No.	Vol.	Price($)
2	7269	1.695
5	27704	1.690
1	5782	1.685
10	54099	1.680
2	6377	1.675

Price($)	Vol.	No.
1.705	5782	1
1.710	5782	1
1.715	5782	1
1.720	5782	1
1.725	5782	1

Last trade - 16.10pm 07/06/2024 (20 minute delay)


Last $1.70			Change -0.015 ( 0.51 %)
Open	High		Low	Volume
$1.73	$1.73		$1.70	1786070
Last updated 15.59pm 07/06/2024 ?

KAR (ASX) Chart