Origin Cashes In Some LNG Chips for $2 Billion
Origin Energy has raised more than $2 billion from the sale of part of its stake in a big Queensland LNG plant, taking advantage of high demand and prices for the compressed natural gas.
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Beetaloo – Australia’s Next Big Hydrocarbon Basin
The Beetaloo Basin is shaping up to be Australia’s next big hydrocarbon province, prompting some in the industry to proclaim it as one of the hottest shale gas plays in the world.
Read MoreORG – UBS rates the stock as Buy
The Buy rating and $5.15 target are maintained.
Read MoreORG – UBS rates the stock as Buy
Buy rating unchanged. Target is raised to $5.10 from $4.80.
Read MoreProfit Briefs: NCM, S32, EVN, ORG
With peak reporting season upon us, here are snippets from the results announced yesterday by resource companies Newcrest, South32, Evolution Mining and Origin Energy.
Read MoreORG – UBS rates the stock as Buy
UBS lowers its price target to $4.75 from $5.15 and retains its Buy rating.
Read MoreNo Happy Ending to this Origin Story
Origin Energy is the latest big electricity and gas group to feel the pain from falling prices and the rising efficiency of renewable energy, forced to make over $2bn in write downs.
Read MoreORG – Credit Suisse rates the stock as Neutral
Target is raised to $4.50 from $4.20. Neutral maintained.
Read MoreORG – Morgans rates the stock as Add
The Add rating is unchanged and the target price is decreased to $5.79 from $5.91.
Read MoreORG – Macquarie rates the stock as Neutral
A rally in Brent oil has boosted expectations for FY22 APLNG earnings. Macquarie’s Neutral rating retained. Target is reduced to $5.21 from $5.44.
Read MoreORG – UBS rates the stock as Buy
First half results were ahead of UBS estimates, largely because of a strong operating performance from APLNG. Buy rating retained. Target is reduced to $5.50 from $5.75.
Read MoreORG – UBS rates the stock as Buy
Origin Energy has downgraded FY21 energy markets guidance by -13% at the mid point. UBS expects mild summer weather will lower earnings from the peaking generation fleet. The broker retains a Buy rating based on valuation and reduces the target to $5.75 from $6.65.
Read MoreOrigin Energy Shares Ease on Hunter Valley Battery Plans
Origin Energy shares eased 1.9% to $5.01 on Tuesday in the wake of the company revealing billion dollar plans for a huge new battery in the Hunter Valley.
Read MoreCash Flow Still Features For Origin Energy
The prospects of capital returns from Origin Energy loom as cash levels rise and oil prices rebound. Nevertheless, the company faces challenges in its energy markets.
Read MoreORG – Macquarie rates the stock as Neutral
Origin Energy has upgraded production guidance driven by global LNG supply outages, China demand recovery and higher Korean demand due to nuclear generation outages. Additionally, there is increased northern hemisphere winter demand.
Read MoreORG – Morgans rates the stock as Add
Morgans sees significant upside for patient investors in Origin Energy. However, in the short term the broker finds it hard to identify a catalyst that may close the gap between the current share price and the analyst’s valuation.
Read MoreORG – Credit Suisse rates the stock as Neutral
Credit Suisse updates forecasts to account for its global oil outlook. The broker also increases FY21 forecasts for APLNG production by 1.7%.
Read MoreSantos, Origin Earnings Slump As Virus Smashes Energy Prices
As forecast, two more oil and gas players have revealed massive slides in earnings – Origin Energy (full year) and Santos (half-year). Santos will still pay a small interim dividend despite a big half-year loss. Meanwhile, Origin Energy just missed the red ink when it reported a 93% plunge in earnings for the year.
Read MoreORG – Credit Suisse rates the stock as Neutral
Credit Suisse assesses the fourth quarter produced a good result from LNG, with production in line with guidance despite Origin Energy curtailing production.
Read MoreCapital Management Critical To Origin Energy
Origin Energy has reaffirmed energy markets guidance despite increased bad debt provisions, while adding asset impairmentson lower oil price assumptions.
Read MoreOrigin Energy Joins Energy Peers With Widespread Writedowns
Origin Energy has joined the growing list of energy companies writing down the value of their assets because they have been forced to slash future projections for prices.
Read MoreORG – Credit Suisse rates the stock as Neutral
Credit Suisse had been of the view that Origin Energy did not offer compelling value relative to oil & gas peers, based on implied prices and a negative outlook for energy markets.
Read MoreCuts To Oil Production Unlikely To Be Enough
The US has brokered an historic oil production agreement between OPEC, Russia and the G20, although brokers are sceptical about whether this will have enough impact on supply/demand dynamics.
Read MoreORG – Citi rates the stock as Buy
Origin Energy has retained its distribution guidance from its APLNG stake, which was under threat from the oil price collapse.
Read MoreOrigin Energy Hangs On To Guidance But Slashes Capex
Origin Energy has followed a long list of other companies in cutting spending to preserve cash during the current COVID-19 crisis.
Read MoreOrigin Energy Profit Powers Down On Outages, Price Caps
Origin Energy’s interim profit took a number of blows from outages across its businesses in the six months to December – some own goals, others beyond its control.
Read MoreORG – Credit Suisse rates the stock as Outperform
Commodity revenue was 5% ahead of Credit Suisse forecasts in the first quarter while LNG revenue was 12% ahead. The broker adjusts realised price assumptions for the next year relative to Brent oil pricing.
Read MoreOrigin Energy Powers Down Dividend Policy Despite Earnings Surge
Origin Energy’s underlying profit might have surged more than 40% in the year to June, but the coming year will be tougher, so a new dividend policy will be adopted to handle any slowdown.
Read MoreORG – Citi rates the stock as Neutral
APLNG cash flows were slightly ahead of Citi’s expectations. The break-even operating oil price is now calculated at US$21/bbl.
Read MoreORG – UBS rates the stock as Buy
APLNG continues to increase cash distributions and the company has now guided to around $850m in FY19, ahead of UBS estimates. APLNG achieved the highest realised LNG price this quarter relative to other Australian E&P’s.
Read MoreBeach, Origin Shares Slide Despite Strong Results
Solid quarterly updates from the two remaining energy groups yesterday for the three months to March in the shape of the Kerry Stokes-dominated Beach Energy and LNG exporter and power operator, Origin.
Read MoreORG – Macquarie rates the stock as Outperform
Macquarie points out earnings expectations in energy markets now reflect the falling LREC price and the inability for Origin Energy to offset this from other sources.
Read MoreORG – Morgans rates the stock as Add
Morgans observes the stock has declined -25% over the last year, amid concerns about regulation in the electricity market and a volatile oil price.
Read MoreRecord LNG Result Saves Origin As Retail Slips
Origin Energy produced the second encouraging December quarter statement from an energy group yesterday after beach upgraded its output guidance by 10%.
Read MoreResurgent Origin Energy Leaves Shareholders Waiting
Origin Energy is well and truly in the black and is looking to restart dividends to patient shareholders in 2019.
Read MoreAPLNG Lifts Origin To Record June Quarter
Origin Energy shares staged a modest rise yesterday on the back of news that the company had achieved record production and revenue in the June quarter thanks to higher production from its joint-owned APLNG project and higher oil and gas prices.
Read MoreOrigin Energy Lifts Outlook After Ironbark Impairment
Yes, there is life after years of board inaction and overspending on LNG for Origin Energy.
Read MoreOrigin Takes Hit On Gas Assets
The impairments continue at Origin Energy with another half a billion dollars plus of red ink revealed yesterday.
Read MoreLNG Lifts Origin H1 Profit
Origin Energy has posted a 40% jump in first half sales from its oil and gas business despite a fall in output in the December quarter in the last quarterly report before the sale of its Lattice Energy arm (to Beach Energy).
Read MoreEraring Coal Fires Up Origin Energy
Shares in Origin Energy rose to a two year high on Tuesday with some reports claiming the rise was due to the company revealing cost cuts at its flagship liquefied natural gas export operation in central Queensland.
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