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
$1.55 |
Change
0.025(1.64%) |
Mkt cap ! $1.207B | |||
| Open | High | Low | Value | Volume |
| $1.51 | $1.55 | $1.49 | $10.08M | 6.586M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8559 | $1.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.55 | 87770 | 5 |
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| Last trade - 16.10pm 15/10/2024 (20 minute delay) ? |
| KAR (ASX) Chart |