KAR 5.75% $1.84 karoon energy ltd

TP=$1.20

  1. HSP
    5,051 Posts.
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    TP=$1.20 if current level cannot be held

    bearish oil price is main keller
    KAR loss money at each financial report, no dividend. (STO makes money, pay dividend, SP=$12.45 on 24/11/14 to SP=$7.00 on 11/12/14. loss $5.45 within 20 days).
    last report
    investors expected successful West-1 Exploration Well, SP jumped from $2.28 to $2.60 ($0.32)----speculation
    this report ended the game, so far SP dived from 2.64 to 2.17 (-$0.47)---reality

    With bad reality, SP down 47 cents would not be enough as with the speculation, it went up 32 cents

    Not only loss US$34 million, also loss assets valuation, time.........
 
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