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
As oil heads lower, it actually is a positive for Karoon for a...
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Last
$1.83 |
Change
0.015(0.83%) |
Mkt cap ! $1.466B | |||
| Open | High | Low | Value | Volume |
| $1.86 | $1.86 | $1.82 | $9.850M | 5.367M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 38837 | $1.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.84 | 22163 | 2 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| KAR (ASX) Chart |