Karoon Energy's New Bear Surprised by Neon Rethink -- Market Talk

Dow Jones

Jan 28

2304 GMT - Karoon Energy's decision to rethink how it could develop its Neon oil field offshore Brazil catches Macquarie off guard. Karoon has been running a process to sell a 30%-40% stake in Neon with a view to using a floating production, storage, and offloading vessel at the site. "We were surprised to see commentary it is considering alternate development concepts (the FPSO market will have got more challenging, and Karoon now acknowledges the lower oil price outlook)," says Macquarie. It now attributes only A$0.04/share of value to Neon, down from A$0.19. Macquarie downgrades Karoon's stock to underperform form neutral and lowers its price target by 9% to A$1.50/share. Karoon ended Tuesday at A$1.635. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

January 27, 2026 18:05 ET (23:05 GMT)

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Karoon has been running a process to sell a 30%-40% stake in Neon with a view to using a floating production, storage, and offloading vessel at the site. \"We were surprised to see commentary it is considering alternate development concepts (the FPSO market will have got more challenging, and Karoon now acknowledges the lower oil price outlook),\" says Macquarie. It now attributes only A$0.04/share of value to Neon, down from A$0.19. Macquarie downgrades Karoon's stock to underperform form neutral and lowers its price target by 9% to A$1.50/share. Karoon ended Tuesday at A$1.635. (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  January 27, 2026 18:05 ET (23:05 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 Energy's New Bear Surprised by Neon Rethink -- Market Talk</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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 Energy's New Bear Surprised by Neon Rethink -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\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\">2026-01-28 07:05</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2304 GMT - <a href=\"https://laohu8.com/S/KRNGF\">Karoon Energy</a>'s decision to rethink how it could develop its Neon oil field offshore Brazil catches <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> off guard. Karoon has been running a process to sell a 30%-40% stake in Neon with a view to using a floating production, storage, and offloading vessel at the site. \"We were surprised to see commentary it is considering alternate development concepts (the FPSO market will have got more challenging, and Karoon now acknowledges the lower oil price outlook),\" says Macquarie. It now attributes only A$0.04/share of value to Neon, down from A$0.19. Macquarie downgrades Karoon's stock to underperform form neutral and lowers its price target by 9% to A$1.50/share. Karoon ended Tuesday at A$1.635. (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  January 27, 2026 18:05 ET (23:05 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"KAR.AU","symbol_name":"KAROON ENERGY LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2606398759","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2606398759","pubTimestamp":1769555100,"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":"2304 GMT - Karoon Energy's decision to rethink how it could develop its Neon oil field offshore Brazil catches Macquarie off guard. Karoon has been running a process to sell a 30%-40% stake in Neon with a view to using a floating production, storage, and offloading vessel at the site. \"We were surprised to see commentary it is considering alternate development concepts ,\" says Macquarie. It now attributes only A$0.04/share of value to Neon, down from A$0.19. Macquarie downgrades Karoon's stock to underperform form neutral and lowers its price target by 9% to A$1.50/share. Karoon ended Tuesday at A$1.635. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"KAR.AU":"KAROON ENERGY LTD","BK7142":"石油与天然气的勘探与生产"},"translate_title":"Karoon Energy的新熊市对Neon Rethink感到惊讶——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KAR.AU":0.9},"content_text":"2304 GMT - Karoon Energy's decision to rethink how it could develop its Neon oil field offshore Brazil catches Macquarie off guard. Karoon has been running a process to sell a 30%-40% stake in Neon with a view to using a floating production, storage, and offloading vessel at the site. \"We were surprised to see commentary it is considering alternate development concepts (the FPSO market will have got more challenging, and Karoon now acknowledges the lower oil price outlook),\" says Macquarie. It now attributes only A$0.04/share of value to Neon, down from A$0.19. Macquarie downgrades Karoon's stock to underperform form neutral and lowers its price target by 9% to A$1.50/share. Karoon ended Tuesday at A$1.635. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 27, 2026 18:05 ET (23:05 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":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}