Added to YB: 2025-01-15
Pitch date: 2025-01-11
KAR.AX [bullish]
Karoon Energy Ltd
+19.52%
current return
Author Info
Ironic Capital Research is focused on Mining, Energy, and Hydrogen. Visit their website.
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 1.35
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
turnaround
Karoon Energy Ltd - $KAR.AX
KAR.AX: ASX-listed E&P with 2 producing assets (Baúna Brazil, Who Dat GOM). Severely punished by market for Who Dat acquisition & operational issues. Priced at ~$1B, implying Who Dat valued at $0. Opportunity in potential operational improvements, reduced capex, and focus on shareholder returns via buybacks/dividends. Upside outweighs downside at current valuation.
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