Karoon Energy Ltd (KAR)
All research reports and stock updates for Karoon Energy Ltd.
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Neon lights up
Two important positive announcements from Karoon Energy this week should overshadow the distraction of the temporary Brazilian export tax.
High distinction
Pure oil play, Karoon Energy, keeps knocking out the numbers that the market wants to hear. In a risky industry, where things do go wrong occasionally, this company is steadily accumulating an impressive body of work.
Manna from Brazil
An almost immaculate year from Karoon is a stepping-stone towards an even bigger year in FY23f. In a high oil price environment, that is manna from Brazil.
Oil for nought?
Karoon Energy’s exposure to high oil prices with rising production and increasing developed reserves is a dynamic that justifies a Buy recommendation.
Pure oil play
An uneventful quarter for Karoon Energy disguises the set of catalysts that make this pure oil play worth owning.
Oil, not olé
Karoon Energy’s 1H22 result was quietly confident with lower unit production costs than guided and higher average realised oil prices both contributing to an excellent outcome of US$89.5 million EBITDA.
No fuss, just action
Born-again pure oil play Karoon Energy is celebrating its first year under new stewardship with a strong production report, a buffed balance sheet and expansion developments well underway.
Tip top oil producer
Karoon Energy is on course to beat its FY22 production guidance in a rising oil price environment. The company's strategy is simple and clear with plenty of options available for future development.