The best thing that can happen to KAR is to find that SKIPPY is uneconomical.
That way KAR only loses the $50 million [unsure of the exact amount] SKIPPY drilling costs.
The market is trading under cash backing, as the fear is KAR will try to develop SKIPPY, spend all the money,and then get taken to the cleaners by the Brazilian political-legal mafia.
Look at PETROBRAS.
Here is my trading prediction; If K2 is a dud, the SP of KAR will rally. If K2 has a production test producing good BOPD, then the SP will fall.
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Last
$2.16 |
Change
0.000(0.00%) |
Mkt cap ! $1.730B |
Open | High | Low | Value | Volume |
$2.19 | $2.19 | $2.14 | $10.37M | 4.792M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 19105 | $2.14 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.17 | 59156 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 19105 | 2.140 |
2 | 10256 | 2.130 |
1 | 9156 | 2.120 |
2 | 9616 | 2.110 |
7 | 108915 | 2.100 |
Price($) | Vol. | No. |
---|---|---|
2.170 | 59156 | 2 |
2.180 | 27656 | 3 |
2.190 | 49676 | 8 |
2.200 | 166436 | 16 |
2.210 | 33717 | 7 |
Last trade - 16.10pm 29/03/2024 (20 minute delay) ? |
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Last
$2.15 |
  |
Change
0.000 ( 0.90 %) |
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Open | High | Low | Volume | ||
$2.18 | $2.19 | $2.14 | 1196400 | ||
Last updated 15.59pm 29/03/2024 ? |
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