KAR 2.84% $1.88 karoon energy ltd

otto about to produce from galoc field, page-13

  1. 1,666 Posts.
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    Jez


    Have worked for banks - that's why I choose not to invest in them !

    All Aust Banks are OK if you compare them to a lot of the big o/s ones ( UBS / Citi etc ) . That said , I think next reporting season may see some take the opportunity to clear out anything that looks a bit iffy . ANZ & NAB would be higher on my reckoning for this to occur with.

    Expect to get belted on Monday with oil off again - crazy isn't it - market never believed $140 bbl was sustainable so oil stocks response was muted - oil "plunges " to $120 or so a bbl & we will get hit. Might be an opportunity to pick up a few , KAR is pretty tightly held & those that are in already know & have faith in the story.


    Cheers

    Baraka


 
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