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 .
With oil prices in the US$80-$90/bbl Karoon is a cash flow...
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$1.75 |
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Mkt cap ! $1.403B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.75 | 38973 | 2 |
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