2331 GMT - Barrenjoey's verdict on Karoon Energy's US$115 million deal to buy the floating production storage and offloading vessel at its Bauna oil field in Brazil: it's a steal. Analyst Dale Koenders previously estimated a deal would be done for US$150 million. The acquisition will enable Karoon to save US$25 million-US$45 million of annual net costs and better manage maintenance to improve reliability. It also means Karoon can be sure of an FPSO being available when its current lease ends, enabling it to investigate extending Bauna's life. "We estimate an internal rate of return on acquisition of 23%, and value of A$0.20/share," Barrenjoey says, although this was already assumed in its stock valuation. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
February 27, 2025 18:31 ET (23:31 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。