(Bloomberg) -- Karoon says proforma guidance for total production for calendar year 2024 is 12-14.5 mmboe.Sees unit production costs $9-14/boe for the same periodSees total capex $40m-47m for the same periodSays recent Gulf of Mexico acquisition will diversify asset base and add reliable, long-term production which should enhance company’s ability to pay dividends in the futureBoard will closely monitor and reassess potential capital management options in early 2024
Easy math here 14m barrels at 80, 90? 100? Cost of single digits ? 1bn free cash flow ?
buybacks ? Dividends ? M&A?
we are talking potential capital return of 40% of market cap in a single year if dial wanted to be turned up.
Who is selling ? Fast money who got shares at 2.05 ? Some retails selling to buy back at 2.05 ? Oh I think the gap up will be very tasty indeed.
PB
Strap in. Lift off.
Add KAR (ASX) to my watchlist
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Last
$1.94 |
Change
0.033(1.71%) |
Mkt cap ! $1.514B | |||
| Open | High | Low | Value | Volume |
| $1.90 | $1.94 | $1.88 | $6.361M | 3.351M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 40247 | $1.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.94 | 47662 | 14 |
View Market Depth
| Last trade - 12.48pm 30/04/2024 (20 minute delay) ? |
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Last
$1.93 |
Change
0.033 ( 1.55 %) |
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| Open | High | Low | Volume | ||
| $1.89 | $1.95 | $1.88 | 866816 | ||
| Last updated 13.09pm 30/04/2024 ? | |||||
| KAR (ASX) Chart |