With oil prices in the US$80-$90/bbl Karoon is a cash flow monster .
No one needs $200/bbl as it would only result in demand destruction and a collapse of the oil price down to below the cost of production in many markets .
The Middle East and Ukraine are like to remain unstable for the foreseeable future so supportive for the POO . That should be more than enough for Karoon’s plans to deliver returns for shareholders and grow its business .
Strap in. Lift off., page-357
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$1.47 |
Change
-0.040(2.65%) |
Mkt cap ! $1.179B | |||
| Open | High | Low | Value | Volume |
| $1.52 | $1.53 | $1.47 | $10.74M | 7.225M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15772 | $1.47 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.48 | 3390 | 1 |
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| KAR (ASX) Chart |