Origin Energy Limited (ORG)
All research reports and stock updates for Origin Energy Limited.
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Strong earnings improvement
Does a 60% earnings upgrade get you excited? If it was not for the Brookfield recommended takeover, we would have expected the ORG share price to be up >20% today.
Guidance hokey-tokey
Origin Energy’s reticence to provide FY23 guidance is understandable, but it belies the upside risk to Energy Markets.
Coal squeeze
Just as Origin seemed set to deliver a group-wide improvement in earnings, a domestic coal shortage and higher coal prices have ripped the gear box out of ORG’s wagon.
Strike a light
It has been a slow burn for Origin Energy to finally reach a position where everything is going right for it.
Coal-ectomy
Origin Energy’s announcement of the potential early closure of its large Eraring coal-fired power station sucked all the oxygen from the earnings result. The troubled Energy Markets division is coming right, APLNG is cooking, and ORG’s gas book is firing.
Ugly duckling becomes swan?
Origin’s change of fortune is a slow moving event, but redemption is in the offing. Rising oil and gas prices certainly help, but balance sheet improvement and a more meaningful free cash flow yield are pointing the stock price in the right direction.
End of the beginning, perhaps
Origin Energy’s woes in Energy Markets are as persistent as ever and are detracting from the strong cash flows from APLNG. The company can see the beacon on the hill for Energy Markets but the share price says otherwise.