AUSTRALIA

DJ Carmichael maintains "buy" recommendation on Karoon

DJ CARMICHAEL has maintained its "speculative buy" recommendation for Karoon Gas, after the company announced drilling at Kangaroo-1 in the Santos Basin offshore Brazil was going to plan.

Bianca Bartucciotto

The recommendation comes with a reduced price target of $7.22 per share, down from $9.60 per share. The stockbroking firm said that following the successful farm-out with Pacific Rubiales, the high impact...

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