Karoon's New Bull Puzzled by Stock Weakness After Brazil Boost

Dow Jones

06/30

0331 GMT - Karoon Energy gets a new bull in Morgans, which asserts that its share price shouldn't be trading around a 12-month low now that it has successfully restarted a key oil-production well in Brazil. Karoon said the SPS-92 well--the largest at its Bauna oil field by output--is back online after a new electrical submersible pump was installed. Morgans upgrades Karoon to buy from hold. "With the path to peace in the Middle East also proving to be more difficult than the market hopes, we could also see some better near-term support for oil prices," analyst Adrian Prendergast says. Karoon is up 5.1% at A$1.445 today. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

June 29, 2026 23:31 ET (03:31 GMT)

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Karoon said the SPS-92 well--the largest at its Bauna oil field by output--is back online after a new electrical submersible pump was installed. Morgans upgrades Karoon to buy from hold. \"With the path to peace in the Middle East also proving to be more difficult than the market hopes, we could also see some better near-term support for oil prices,\" analyst Adrian Prendergast says. Karoon is up 5.1% at A$1.445 today. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 29, 2026 23:31 ET (03:31 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Karoon's New Bull Puzzled by Stock Weakness After Brazil Boost</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKaroon's New Bull Puzzled by Stock Weakness After Brazil Boost\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2026-06-30 11:31</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0331 GMT - <a href=\"https://laohu8.com/S/KRNGF\">Karoon Energy</a> gets a new bull in Morgans, which asserts that its share price shouldn't be trading around a 12-month low now that it has successfully restarted a key oil-production well in Brazil. Karoon said the SPS-92 well--the largest at its Bauna oil field by output--is back online after a new electrical submersible pump was installed. Morgans upgrades Karoon to buy from hold. \"With the path to peace in the Middle East also proving to be more difficult than the market hopes, we could also see some better near-term support for oil prices,\" analyst Adrian Prendergast says. Karoon is up 5.1% at A$1.445 today. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 29, 2026 23:31 ET (03:31 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7142","symbol_name":"石油與天然氣的勘探與生產","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2647812581","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2647812581","pubTimestamp":1782790260,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0331 GMT - Karoon Energy gets a new bull in Morgans, which asserts that its share price shouldn't be trading around a 12-month low now that it has successfully restarted a key oil-production well in Brazil. Karoon said the SPS-92 well--the largest at its Bauna oil field by output--is back online after a new electrical submersible pump was installed. Morgans upgrades Karoon to buy from hold. \"With the path to peace in the Middle East also proving to be more difficult than the market hopes, we could also see some better near-term support for oil prices,\" analyst Adrian Prendergast says. Karoon is up 5.1% at A$1.445 today.  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Morgans upgrades Karoon to buy from hold. \"With the path to peace in the Middle East also proving to be more difficult than the market hopes, we could also see some better near-term support for oil prices,\" analyst Adrian Prendergast says. Karoon is up 5.1% at A$1.445 today. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 29, 2026 23:31 ET (03:31 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}