Because the PoO fell 5% the night before they began trading.
As I wrote in my last post, if you add our MC (average for the past 12mths) to the purchase price of Who Dat, you get a KAR SP of ~$2.50.
The PoO rose 4.12% last night as OPEC said they would consider cutting supply again:
https://oilprice.com/Latest-Energy-News/World-News/OPEC-Said-To-Consider-Additional-1-Million-Bpd-Output-Cut.html
Accordingly, I would expect the KAR SP to rise on monday and the opening friday SP of $1.96 to have been a most excellent opportunity for anyone with the wherewithal to buy.
Don't believe a word of what a Politician says, look at what they do:
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(20min delay)
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Last
$1.68 |
Change
0.005(0.30%) |
Mkt cap ! $1.342B |
Open | High | Low | Value | Volume |
$1.69 | $1.71 | $1.67 | $8.559M | 5.081M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 93351 | $1.67 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.68 | 29087 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 36859 | 1.670 |
1 | 5477 | 1.665 |
6 | 45001 | 1.660 |
6 | 12822 | 1.655 |
21 | 65462 | 1.650 |
Price($) | Vol. | No. |
---|---|---|
1.680 | 56104 | 2 |
1.685 | 56104 | 2 |
1.690 | 6104 | 1 |
1.695 | 106104 | 2 |
1.700 | 18746 | 3 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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|||||
Last
$1.68 |
  |
Change
0.005 ( 0.22 %) |
|||
Open | High | Low | Volume | ||
$1.69 | $1.71 | $1.67 | 1206383 | ||
Last updated 15.59pm 14/06/2024 ? |
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KAR (ASX) Chart |