Karoon has been attacked by shorters- Ive heard all the theories about why shorters are good for the market. They are bad for vulnerable exploration companies who need to raise capital to fund growth - they destroy confidence, and have done this with Karoon.
This company has done amazingly well with the assets it has, even selling Posidon before the oil price tanked - I doubt they would get the same price today. They find three oil discoveries and the price stays between 2-3 dollars.- Enough reason to privatize the business. Then you wouldn't be stuck with a shorted share price when needing capital.
Karoon's Management has done a great job - this market doesn't want to fund growth companies anymore!
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$1.53 |
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Mkt cap ! $1.192B |
Open | High | Low | Value | Volume |
$1.56 | $1.57 | $1.52 | $12.45M | 8.079M |
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---|---|---|
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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1 | 350 | 1.530 |
2 | 4967 | 1.525 |
10 | 195135 | 1.520 |
8 | 71697 | 1.515 |
9 | 67024 | 1.510 |
Price($) | Vol. | No. |
---|---|---|
1.535 | 57889 | 3 |
1.540 | 12124 | 2 |
1.545 | 72320 | 3 |
1.550 | 171112 | 5 |
1.555 | 39970 | 2 |
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