KAR - Karoon Energy

[finicky]

Karoon the #3 best ASX200 performing stock of the week, with Energy the top sector performer.
Not Held

 

[finicky]

Best ASX 200 performer today. Two of the last three candles look promising following the slump, the hammer also has volume.
Greg Canavan still has KAR as a buy.

Not Held

Via Market Matters afternoon report:

 

[finicky]

Via Market Matters

• Karoon Energy (KAR) +7.72% jumped as it announced dividends and buybacks, a clear pivot in their capital allocation.

Also Greg Canavan has had a buy on this for a fair while in keeping with his long term outlook for fossil fuels.

Not Held

 

[finicky]

Karoon Energy (KAR) +5.5% up following their 1H25 result yesterday which triggered a slew of broker upgrades with price targets between $2.04-$2.40, shares closed today at $1.535

Not Held

 

[finicky]

Karoon Energy (KAR) +1.63% bucked the downward move in the energy sector despite upgrading cost guidance in its quarterly update.

Not Held

Greg Canavan (fat tail investment advisory) still has it as a Buy

 

[ScottfromNZ]

Go Karoon. Finally seeing some enthusiasm by the market.
Discl. Holding since September 2023

 

[finicky]

As predicted by Greg Canavan (fat tail Investment advisory)

 

[DannyB0000]

I have chosen KAR for July comp purely as a speculative bet. I think the current ceasefire between Israel and Iran is only temporary and oil prices will rise once hositilies start again between these two countries. Both Israel and Iran hate each other's guts and Israel would be paranoid Iran still has nukes in production. The bombing raid by the America didn't do enough to eliminate this threat completely. As a last resort Iran could block off access to Strait of Hormuz which will could send oil prices soaring towards $100 USD or maybe beyond that.

Karoon Energy has been buying back it's shares since January this year and the share buy back will last for the full year. The share price has been rising this year even before hostilities broke out.

@joeblow