Very good potential for the next 12 months. We do know that COP are very confident of the Browse reserves and will drill upto 7 wells soon. You can expect a drill rig annoucement within 1 month. This one will most likely be able to drill "Production" wells to get more accurate flow results along with being able to be used for "Production"
They also have the assets in the Santos Basin. You can expect a farm in to occur before the end of the year. As this is possibly the hottest address in the world right now it should be hottly contested, expect to see a large "free carry" component in it for KAR.
We do have some short term issues with global economies, but guess what China still want the GAS as does Germany, any anyone else that needs energy and doesn't want to pay carbon taxes.
Definately worth holding/accumulating on the dips and wait for the speculators to return in the seccond half
Very good potential for the next 12 months. We do know that COP...
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Last
$1.40 |
Change
0.010(0.72%) |
Mkt cap ! $1.091B | |||
| Open | High | Low | Value | Volume |
| $1.38 | $1.40 | $1.37 | $4.290M | 3.103M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2727 | $1.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 17538 | 3 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| KAR (ASX) Chart |