I have often wondered why a cash up junior like Karoon Energy do not merge with FAR. Karoon Energy has the cash and producing asset, and FAR has the potential. It could move Karoon Energy even further up the field in terms of oil production from 16,000 bpd to 30, 000 bpd. And once they have reworked their Bauna fields, they could go up to 45, 000 bpd. This is especially attractive with the oil price moving up for 4 reasons.
1. OPEC+ has indicated they are not going to up production drastically.
2. The Democrat is likely to control the Senate and therefore negative for US shale production.
3. The chance of conflict is a very much possibility in the next 5 years (Iran, China, etc)
4. Air travel will resume because of COVID vaccine.
- Forums
- ASX - By Stock
- TIME FOR SH RECAP???
I have often wondered why a cash up junior like Karoon Energy do...
-
- There are more pages in this discussion • 26 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FAR (ASX) to my watchlist
(20min delay)
|
|||||
Last
46.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $42.97M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 146536 | 46.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
46.5¢ | 33726 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 146536 | 0.460 |
2 | 60000 | 0.455 |
4 | 267456 | 0.450 |
1 | 30000 | 0.445 |
2 | 35000 | 0.440 |
Price($) | Vol. | No. |
---|---|---|
0.465 | 33726 | 2 |
0.470 | 56959 | 3 |
0.475 | 6667 | 1 |
0.480 | 1519 | 1 |
0.490 | 919 | 1 |
Last trade - 10.02am 18/06/2024 (20 minute delay) ? |
Featured News
FAR (ASX) Chart |
Day chart unavailable
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non Executive Director
Simon Kidston
Non Executive Director
SPONSORED BY The Market Online