Karoon Energy Gets New Bull as Brent Holds Above $100/Bbl
Morgan Stanley is described as a new bull on Karoon Energy. The report says Middle East tensions and high shipping and insurance costs are supporting Brent above US$100 per barrel and extending energy-sector earnings.
Karoon Energy gets a new bull in Morgan Stanley as buoyant energy markets due to Middle East tensions support earnings across the energy sector. High shipping and insurance costs are keeping Brent crude--the global oil-price benchmark--above US$100 per barrel. This is extending EPS and free cash fl…