As oil heads lower, it actually is a positive for Karoon for a few reasons.
a) we have no oil producing assets, so it has no impact to revenue
b) we are in acquisition mode - therefore oil assets become cheaper.
c) OIL is now back to where it was when we were finalising our bid for Bauna/Tartaruga = valuation shouldnt have changed much.
Not saying we can beat the tape - -- everything is RED, so would be surprising if we are green, but we should outperform.
Goodluck,
PB
OIL down = +ve for karoon
-
- There are more pages in this discussion • 40 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add KAR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.72 |
Change
0.060(3.61%) |
Mkt cap ! $1.378B | |||
| Open | High | Low | Value | Volume |
| $1.67 | $1.73 | $1.67 | $18.60M | 10.89M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 48682 | $1.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.73 | 130076 | 5 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| KAR (ASX) Chart |