KAR 2.17% $1.65 karoon energy ltd

$4.50 was never going to happen.$7 was a resistance from prior...

  1. 229 Posts.
    $4.50 was never going to happen.
    $7 was a resistance from prior uptrend, so I think it's unlikely to see it below that since the market has probably digested the bad news by now.
    The sooner P-2 spuds, the better it is in stemming the sell-off.
    What do people think the SP will hover around during P-2 drilling? Are we likely to see another run in anticipation or is that unlikely to happen as investors are not as confident after the failure at K-1?
 
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