Karoon Energy: Boom year gets underway

About the author:

Adrian Prendergast
Author name:
By Adrian Prendergast
Job title:
Senior Analyst
Date posted:
24 August 2023, 10:00 AM
Sectors Covered:
Mining, Energy

  • Karoon Energy's (ASX:KAR) FY24 is shaping up as a bumper year for KAR in terms of CF generation, with increased production, lower unit costs and much lower capex.
  • KAR delivered a strong FY23 result ahead of expectations.
  • Not rushing into an acquisition demonstrates good capital discipline.
  • KAR finished FY23 with cash of US$74.8m and next to no debt.
  • We maintain an Add rating, with KAR remaining a top sector preference.

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