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 MoreThe 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 MoreThe Buy rating and $5.15 target are maintained.
Read MoreBuy rating unchanged. Target is raised to $5.10 from $4.80.
Read MoreWith peak reporting season upon us, here are snippets from the results announced yesterday by resource companies Newcrest, South32, Evolution Mining and Origin Energy.
Read MoreUBS lowers its price target to $4.75 from $5.15 and retains its Buy rating.
Read MoreOrigin 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 MoreTarget is raised to $4.50 from $4.20. Neutral maintained.
Read MoreThe Add rating is unchanged and the target price is decreased to $5.79 from $5.91.
Read MoreA 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 MoreFirst 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 MoreOrigin 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 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 MoreThe 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 MoreOrigin 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 MoreMorgans 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 MoreCredit Suisse updates forecasts to account for its global oil outlook. The broker also increases FY21 forecasts for APLNG production by 1.7%.
Read MoreAs 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 MoreCredit Suisse assesses the fourth quarter produced a good result from LNG, with production in line with guidance despite Origin Energy curtailing production.
Read MoreOrigin Energy has reaffirmed energy markets guidance despite increased bad debt provisions, while adding asset impairmentson lower oil price assumptions.
Read MoreOrigin 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 MoreCredit 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 MoreThe 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 MoreOrigin Energy has retained its distribution guidance from its APLNG stake, which was under threat from the oil price collapse.
Read MoreOrigin Energy has followed a long list of other companies in cutting spending to preserve cash during the current COVID-19 crisis.
Read MoreOrigin 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 MoreCommodity 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’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 MoreAPLNG cash flows were slightly ahead of Citi’s expectations. The break-even operating oil price is now calculated at US$21/bbl.
Read MoreAPLNG 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 MoreSolid 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 MoreMacquarie 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 MoreMorgans observes the stock has declined -25% over the last year, amid concerns about regulation in the electricity market and a volatile oil price.
Read MoreOrigin Energy produced the second encouraging December quarter statement from an energy group yesterday after beach upgraded its output guidance by 10%.
Read MoreOrigin Energy is well and truly in the black and is looking to restart dividends to patient shareholders in 2019.
Read MoreOrigin 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 MoreYes, there is life after years of board inaction and overspending on LNG for Origin Energy.
Read MoreThe impairments continue at Origin Energy with another half a billion dollars plus of red ink revealed yesterday.
Read MoreOrigin 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 MoreShares 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.
Read MoreOrigin shares hit two-year highs yesterday after the company released positive September quarter results.
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