Karoon was one of the ASX's cheapest stocks. Here's what went wrong

Just 12 to 24 months ago, Karoon Energy (KAR) was often hailed as one of the market's cheapest stocks, with some truly insane free cash flows to look forward to.Fast forward to today, and it's cut production guidance twice in four months and, in hindsight, massively overpaid for the Who Dat assets…