Definitely a takeover candidate for a major seeking a meaningful foothold in Brazil.
Would not be expensive, even with a 50-100% control premium, 3-4x FCF . Good management team, with local execution ability and now with Neon in the pipeline there is sustainable production profile over the next decade at relatively low cost US$15/bbl.
Lots to like as a shareholder of Karoon.
Macquarie says Karoon worth $5.15 if oil > 100, page-628
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Last
$1.73 |
Change
0.155(9.84%) |
Mkt cap ! $1.387B | |||
| Open | High | Low | Value | Volume |
| $1.62 | $1.75 | $1.61 | $21.88M | 12.84M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 412554 | $1.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.74 | 38023 | 2 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| KAR (ASX) Chart |