Despite a 15% rise in oil prices, the share price of our largest holding, Karoon Energy (9.5% of the Fund), declined by 6% over the year, while Horizon Oil (7.3% of the Fund) delivered a 50% return, benefiting from effective management and strategic capital allocation. Despite our efforts to drive improvement at Karoon, the stock continues to underperform. This contrast between Horizon and Karoon highlights the importance of management quality and alignment with shareholder interests.
https://www.samuelterry.com.au/pdf-letters/2024-Annual-Letter.pdf
Despite a 15% rise in oil prices, the share price of our largest...
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Last
$1.65 |
Change
0.043(2.64%) |
Mkt cap ! $1.210B | |||
| Open | High | Low | Value | Volume |
| $1.65 | $1.66 | $1.63 | $1.723M | 1.048M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 30831 | $1.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.66 | 42259 | 29 |
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| Last trade - 11.51am 11/09/2025 (20 minute delay) ? |
| KAR (ASX) Chart |