Karoon Loses Bear Following Steep Share-Price Drop -- Market Talk

Dow Jones

Jun 22

2254 GMT - The 30% drop in Karoon Energy's share price since June 11 takes out a bear. Macquarie upgrades its recommendation on Karoon to neutral, from underperform, noting Friday's close of A$1.44 is below its A$1.50/share price target. Karoon's stock now implies an oil price of US$69.60 per barrel, down from US$74.00 on June 16. The share-price fall follows a U.S.-Iran peace deal. "Oil price leverage is significant for Karoon," Macquarie says. "However, we expect market has appropriately priced in crude weakness now." It plans to review the outlook for Karoon once production at its Bauna oil field in Brazil is reinstated and can be observed. Still, Macquarie reminds investors that the lengthy delay to recovery at its Who Dat operation in the Gulf of Mexico is an overhang. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

June 21, 2026 18:54 ET (22:54 GMT)

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Karoon's stock now implies an oil price of US$69.60 per barrel, down from US$74.00 on June 16. The share-price fall follows a U.S.-Iran peace deal. \"Oil price leverage is significant for Karoon,\" Macquarie says. \"However, we expect market has appropriately priced in crude weakness now.\" It plans to review the outlook for Karoon once production at its Bauna oil field in Brazil is reinstated and can be observed. Still, Macquarie reminds investors that the lengthy delay to recovery at its Who Dat operation in the Gulf of Mexico is an overhang. (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 21, 2026 18:54 ET (22:54 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 Loses Bear Following Steep Share-Price Drop -- 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 Loses Bear Following Steep Share-Price Drop -- 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\">2026-06-22 06:54</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2254 GMT - The 30% drop in <a href=\"https://laohu8.com/S/KRNGF\">Karoon Energy</a>'s share price since June 11 takes out a bear. <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> upgrades its recommendation on Karoon to neutral, from underperform, noting Friday's close of A$1.44 is below its A$1.50/share price target. Karoon's stock now implies an oil price of US$69.60 per barrel, down from US$74.00 on June 16. The share-price fall follows a U.S.-Iran peace deal. \"Oil price leverage is significant for Karoon,\" Macquarie says. \"However, we expect market has appropriately priced in crude weakness now.\" It plans to review the outlook for Karoon once production at its Bauna oil field in Brazil is reinstated and can be observed. Still, Macquarie reminds investors that the lengthy delay to recovery at its Who Dat operation in the Gulf of Mexico is an overhang. (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 21, 2026 18:54 ET (22:54 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":"2645197680","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2645197680","pubTimestamp":1782082440,"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":"2254 GMT - The 30% drop in Karoon Energy's share price since June 11 takes out a bear. Macquarie upgrades its recommendation on Karoon to neutral, from underperform, noting Friday's close of A$1.44 is below its A$1.50/share price target. Karoon's stock now implies an oil price of US$69.60 per barrel, down from US$74.00 on June 16. The share-price fall follows a U.S.-Iran peace deal. \"Oil price leverage is significant for Karoon,\" Macquarie says. \"However, we expect market has appropriately priced in crude weakness now.\" It plans to review the outlook for Karoon once production at its Bauna oil field in Brazil is reinstated and can be observed. Still, Macquarie reminds investors that the lengthy delay to recovery at its Who Dat operation in the Gulf of Mexico is an overhang. ","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":"卡隆股价大幅下跌后失去熊市——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KAR.AU":0.9},"content_text":"2254 GMT - The 30% drop in Karoon Energy's share price since June 11 takes out a bear. Macquarie upgrades its recommendation on Karoon to neutral, from underperform, noting Friday's close of A$1.44 is below its A$1.50/share price target. Karoon's stock now implies an oil price of US$69.60 per barrel, down from US$74.00 on June 16. The share-price fall follows a U.S.-Iran peace deal. \"Oil price leverage is significant for Karoon,\" Macquarie says. \"However, we expect market has appropriately priced in crude weakness now.\" It plans to review the outlook for Karoon once production at its Bauna oil field in Brazil is reinstated and can be observed. Still, Macquarie reminds investors that the lengthy delay to recovery at its Who Dat operation in the Gulf of Mexico is an overhang. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 21, 2026 18:54 ET (22:54 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":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}