I traded in KAR at times during 2016 but as my history shows departed to PLS and NST.
I find it hard to believe that NST got as low as $6.80. Even at the outbreak of WW3 in 2022 when Gold hit US$2,075, the NST SP laboured at ~$8. Microwise the Company has done little since BUT the Herd are seeing the light now and it trades around $14.
Similarly, the Energy Sector is unliked now.
WW3 is currently being fought because of Energy.
Russia's refineries are the target of attacks by the West now. Many commentators are suggesting the Houthi's will attack Saudi refineries in response. HOWEVER the Middle East is united.
The most likely reciprocation will be attacks on US refineries. Independent journalist Whitney Webb reveals that Israel now controls most of the USA's infrastructure security tech. An attack on Israel may leave the West exposed. Media sources report the Turkish Military is getting restless.
The Saudis and Russia produce around 9mbpd of Oil each. The USA about 13.3mbpd. Add Oil equivalents and they are up to 20. If US Oil interests get attacked the Oil price will skyrocket.
I traded in KAR at times during 2016 but as my history shows...
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Last
$1.97 |
Change
0.075(3.96%) |
Mkt cap ! $1.578B | |||
| Open | High | Low | Value | Volume |
| $1.92 | $1.98 | $1.92 | $19.69M | 10.05M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 46000 | $1.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.98 | 71687 | 4 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$1.98 |
Change
0.075 ( 4.29 %) |
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| Open | High | Low | Volume | ||
| $1.92 | $1.98 | $1.92 | 2305260 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| KAR (ASX) Chart |