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KAR - Karoon Energy

Best ASX 200 performer today. Two of the last three candles look promising following the slump, the hammer also has volume.
Greg Canavan still has KAR as a buy.

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Via Market Matters afternoon report:


 
Via Market Matters
  • Karoon Energy (KAR) +7.72% jumped as it announced dividends and buybacks, a clear pivot in their capital allocation.
Also Greg Canavan has had a buy on this for a fair while in keeping with his long term outlook for fossil fuels.

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