–
New Buy Entry Alert KAR
Time Frame : Daily/Weekly
Sector : Energy
Key Stats : $586.08 Million Market Cap, VWAP 1.09, ASX Ranking 348, 4 Week Av Turnover $5,509,193, Current Turnover (Intraday as at time of alert) $2,212,027 (11:50am).
Company Overview : Karoon Energy Ltd (KAR, formerly Karoon Gas Australia Limited) is an Australian oil and gas exploration company operating in Australia, Brazil and Peru. KAR currently has 5 projects, the producing Browse Basin offshore gas reservoirs and the North Carnarvon Basin (Australia), the Tumbles and Maranon Basins (Peru) and Santos Basin (Brazil).
Broker Consensus : BUY
–
KAR – Karoon Energy Limited
KAR is holding up above 1.00 with increased volume so we expect the buying pressure to continue. We are now happy to buy on a push up through 1.125 with a Stop Loss at 1.01. If price falls below 1.01 prior to entry, we will cancel the alert and re-assess the action.
–
Stock Code : KAR – Karoon Energy Limited
Company Website : www.karoonenergy.com
Current Price : 1.09
New Potential Buy Entry (Trigger Level) : 1.125
Potential Sell Exit Zone (Stop Loss/Cancel Level) : 1.01
Status : On watch for Buy Entry Trigger
