KAR 4.67% $1.53 karoon energy ltd

Karoon Gas Australia board survives second strike on remuneration report, page-87

  1. 3,147 Posts.
    I shouldn't worry about buying in at $3.06 Froggy. I had another dabble today at $2.98. What's a day in the scheme of things.

    Yes, behind the scenes action no doubt has a part to play in today's SP but remember there is also negative sentiment on the energy sector as a whole. Not the best current macro environment for an energy sector player to fight off shorting.

    At the end of the day if the assets produce (or prove reserves pending production) the SP will rise. That is and has always been the deciding factor. If the SP is being manipulated to facilitate a TO then holders should also benefit, depending on average entry of course.
 
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