Morgans initiates on Karoon

MORGANS has initiated coverage on Karoon Energy, the South America-focussed oiler close to first production after years of exploration, with an ‘add’ recommendation and a share price target of A$2.40.

Morgans initiates on Karoon Morgans initiates on Karoon Morgans initiates on Karoon Morgans initiates on Karoon Morgans initiates on Karoon

Morgans likes Karoon's Bauna buy

"The major focus of our positive investment view on Karoon is the fact that Bauna is an existing producing field, with large operating margins and a lack of required capex to be spent," analyst Adrian