KAR Short term opportunity to buy under $1 imo. Starting to turn. Double test of 93-94c support recently and CR level. (to buy large producing oil asset) Churning some volume over last week. 2x SUB holders in register appearing, Brisbane Fund and Japanese. Brazil, currently production at 20,000 bbls + per day Potential to be $1b per annum oil producers by 2023. No value placed on 2 nearby oil discoveries.
Been a good trader over years, but I am now going long on them finally becoming producers and using their huge cash reserves towards purchase as they traded under cash backing for a long time.
