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1.34%

$1.84 karoon energy ltd

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

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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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(20min delay)
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

View Market Depth

No.	Vol.	Price($)
20	108498	1.830
11	244449	1.825
16	137238	1.820
3	74705	1.815
9	37866	1.810

Price($)	Vol.	No.
1.835	86778	2
1.840	6400	1
1.845	16005	4
1.850	80370	5
1.855	228874	4

Last trade - 16.10pm 17/05/2024 (20 minute delay)


Last $1.84			Change -0.025 ( 1.86 %)
Open	High		Low	Volume
$1.86	$1.87		$1.83	1216765
Last updated 15.59pm 17/05/2024 ?

KAR (ASX) Chart