Professional
Added to YB: 2024-10-16
Pitch date: 2024-09-30
KAR.AX [bullish]
Karoon Energy Ltd
+6.06%
current return
Author Info
No bio for this author
Company Info
Karoon Energy Ltd operates as an oil and gas exploration and production company in Brazil, the United States, and Australia.
Market Cap
AUD 661.4M
Pitch Price
AUD 1.49
Price Target
N/A
Dividend
7.03%
EV/EBITDA
1.60
P/E
2.16
EV/Sales
1.19
Sector
Oil, Gas and Consumable Fuels
Category
special_situation
Sandon Capital Activist Fund Portfolio Holding: Karoon Energy Ltd
KAR.AX: Oil producer with Brazil & US assets. Trading at 3.6x CY24 P/E. Recent Gulf of Mexico acquisition criticized as overpriced. Shareholders pushed for improved capital allocation, resulting in 20-40% NPAT return policy & $25M buyback. Potential for higher returns given low-cost assets. Trades at discount due to performance issues.
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