Karoon - my views, page-24

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: