Street Talk

Karoon CEO schmoozes investors, but activists aren’t backing down

Sarah Thompson, Kanika Sood and Emma Rapaport

May 12, 2024 – 5.22pm

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Karoon Energy chief executive Julian Fowles is a busy man. Fresh off Karoon’s United States roadshow, Fowles made a surprise appearance at the Macquarie Australia Conference on Thursday before jumping on a sell-side analyst call on Friday to field questions as the stock continues to slide.

But if Karoon is trying to put a lid on activist concerns about further acquisitions, it’s going about it in a funny way.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com