Professional
Added to YB: 2024-05-13
Pitch date: 2024-05-08
KAR.AX [bullish]
Karoon Energy Ltd
-9.1%
current return
Author Info
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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 1.78
Price Target
2.46 (+53%)
Dividend
7.03%
EV/EBITDA
1.60
P/E
2.16
EV/Sales
1.19
Sector
Oil, Gas and Consumable Fuels
Category
special_situation
Show full summary:
I bought 2mm shares and will vote for Samuel Terry agenda - why you should too
KAR.AX: Activist STAM (10% holder) seeks control from misaligned mgmt after Who Dat missteps. Best AU fund mgr w/ 3x in 3yr O&G turnaround experience. KAR at 35% FCF yield, 1-4x discount on EBITDA/EBIT/PE vs peers. 100% NI payout = 20-25% div yield. 25-30% upside on STAM win.
Read full article (3 min)