KAR 0.00% $2.16 karoon energy ltd

Kray, I know this won't be popular but I don't blame the...

  1. 3,147 Posts.
    Kray, I know this won't be popular but I don't blame the management. We all invested in this company eyes wide open; it:

    "Karoon typically looks for high equity interests in early stage exploration opportunities containing large potential targets in basins with proven Petroleum Systems. Karoon strives to create shareholder value through the geotechnical work-up of the acreage, leveraging its high equity interests to explore and appraise these opportunities."

    That is exactly what they are doing. They can't be blamed for savage short selling by opportunists playing on the worst O&G sentiment I can remember. We knew the risks when investing in this type of company.

    For the brave there is no reason why it can't turn full circle. It wouldn't be the first time, just look at markets GFC depths and a few years later.
 
watchlist Created with Sketch. Add KAR (ASX) to my watchlist
(20min delay)
Last
$2.16
Change
0.000(0.00%)
Mkt cap ! $1.730B
Open High Low Value Volume
$2.19 $2.19 $2.14 $10.36M 4.784M

Buyers (Bids)

No. Vol. Price($)
5 63354 $2.15
 

Sellers (Offers)

Price($) Vol. No.
$2.16 206825 6
View Market Depth
Last trade - 16.10pm 28/03/2024 (20 minute delay) ?
Last
$2.15
  Change
0.000 ( 0.90 %)
Open High Low Volume
$2.18 $2.19 $2.14 1196400
Last updated 15.59pm 28/03/2024 ?
KAR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.