Australian (ASX) Stock Market Forum

ORG - Origin Energy

Jump to new
whats up with ORG this week?
Last week nearly 10, this week down all the way each day to 9.32.

Where do u think the support line will be?
 
imaginator said:
whats up with ORG this week?
Last week nearly 10, this week down all the way each day to 9.32.

Where do u think the support line will be?
Click to expand...
It really likes the Fib numbers. Would be a great one for the swing traders. Did well during the recent downturn.

Great bounce off the 61.8 retracement level of the recent run. So it looks to be into W3 of this particular run.

And no talk here today about it, even though a blue chip does more than 5% on good volume, after a great series of announcements?:

Origin Energy Ltd (“Origin”) today announced that following its annual review of reserves
across its Exploration and Production (E&P) interests, Proved and Probable (2P) reserves have
increased by 42% from 2,436 petajoules equivalent (PJe) to 3,471 PJe. This includes a net
increase in Coal Seam Gas (CSG) reserves of 80% or 1,095 PJe to 2,470 PJe.
...

Sales revenue for the year increased 14% from the prior year to $475 million. Total
production of 87.2 PJe and total sales volumes of 92.5 PJe were also records, increasing by
12% and 10% respectively. This strong performance was driven by increased CSG production
and the first significant contribution from the liquids rich BassGas project, which more than
offset lower production from mature assets in the Cooper, onshore Otway and Perth basins.
Click to expand...

This is by far my favoured energy blue chip, understandably. And it looks to have broken out.

Cheers,
Chops.
 

Attachments

  • org31.7.07.jpg
    org31.7.07.jpg
    105.4 KB · Views: 64
chops_a_must said:
It really likes the Fib numbers. Would be a great one for the swing traders. Did well during the recent downturn.

Great bounce off the 61.8 retracement level of the recent run. So it looks to be into W3 of this particular run.

And no talk here today about it, even though a blue chip does more than 5% on good volume, after a great series of announcements?:



This is by far my favoured energy blue chip, understandably. And it looks to have broken out.

Cheers,
Chops.
Click to expand...

What';s happened to ORG? Seemed like it is at the bottom? Why did the price go to 8.8 from about 10 dollarsssssss?
Any news?
 
Surely with the takeover price at $14.70, buying on market at levels sub-$14.00 is the ultimate in arbitrage and a risk free trade?

The company are still considering the takeover offer.

If they say the offer undervalues the company, then the share price will likely rally maybe to past $15.00 perhaps.

And if they recommend to accept then you make will definately make 5%.

Am I missing something here? :confused:
 
Certainly looks tempting but I guess the market is pricing in a margin for the risks re approvals, financing etc. I would also expect the offer, when it comes, to be highly conditional.
Perhaps 5% is seen as appropriate in these market conditions.

:cool:
 
I have read that Origin will probably accept a revised bid of between $15 and $16 today. So hopefully will see a climb today.
 
Why would BG launch a takeover bid at a price that had already been rejected?

If the price had collapsed to $13-14 then fair enough -- but it didnt.

Am I missing something?? :confused: :confused:
 
nizar said:
Why would BG launch a takeover bid at a price that had already been rejected?

If the price had collapsed to $13-14 then fair enough -- but it didnt.

Am I missing something?? :confused: :confused:
Click to expand...

I thought exactly the same thing... I reckon they know they'll have to raise the bar, so if they start at the previous offer - they might finalize a deal at a lower price than if they just jumped in above 16$ from the start....and then had to raise the offer from there....

dunno , just guessing at how they may be thinking.

But with ORG >$16 on the market, I don't think BG will get many takers... yet.
-dukey
 
there are rumors which came out today around 2.30 in regard to ORG taking over all assets of BBP for about 0.70 per share. if true what effect do you guys think it will have on ORG share price, and future take over offer from BG's and others?

many thanks
 
and I hear that Exxon Mobil may be running the ruler over BG...who are after Origin...
Cheers
...........Kauri
 
Can anyone explain this? Why are people putting up sell offers of $13?

So glad I jumped out last week!
 

Attachments

  • org.jpg
    org.jpg
    14.7 KB · Views: 233
that is strange considering origin is doing a share buy back at the moment at (lowest price paid yesterday $16.93 and highest allowed price $18.13).

If people want to sell at $13 when there is a guaranteed buyer then as a holder I'm curious as well. actually I hope the price remains low while there is a share buy back: the more shares written off, the higher the potential dividends in the long run.
 
The low sell offers before the market opens just means the lister wants to be sure his shares are first off the rank. They won't be sold at $13 rather the best price offered by the buyer.

This happens with all shares

Cheers
 
anyone got any thoughts to share on why origin is down to the $13-14 level?
Im a holder and considering grabbing some more.
 
The results they had weren't that bad but yet the SP is falling..

Has the SP fallen to the $13 levels is because they stopped with the on market share buy back?

Also, they are really cash rich now (6.4billon) or is it not really a big deal as they got received an initial payment of US$5 billion from ConocoPhillips.

Any thoughts as to where Mr King is going shopping?

Thanks.
 
Okay, I hold a few ORG, not many at all. Bought in at $13.65 earlier this year - currently +24.5% on this.

I see that it is hitting the 2008 average price level, there is money in the bank for CSG aquisitions. Seems like everything is going reasonably well.

Any chartists want to draw some random lines for me? Anyone want to share their strategy on this stock? Personal price targets?

Myself, I am considering a buy and averaging as the trend is pretty strong.
 
Mitsimonsta said:
Okay, I hold a few ORG, not many at all. Bought in at $13.65 earlier this year - currently +24.5% on this.

I see that it is hitting the 2008 average price level, there is money in the bank for CSG aquisitions. Seems like everything is going reasonably well.

Any chartists want to draw some random lines for me? Anyone want to share their strategy on this stock? Personal price targets?

Myself, I am considering a buy and averaging as the trend is pretty strong.
Click to expand...

I hold this stock in my long term portfolio, I bought it in the low to mid $4. Obviously the big thing going for the company is its strong balance sheet and cash position which should allow for strategic acquisitions and growth of various business units.

I would also be interested to see other chartists perspective on this stock.
 
investorpaul said:
I would also be interested to see other chartists perspective on this stock.
Click to expand...

I have a feeling it might flatten somewhere between $17-$18, but I really want to know breakout points and possible support levels that will drive this long term.

Well done on your $4 buy on this Paul.... when was that? Mid-93? They were still Boral then were they not?

I definitely hold your 'looooooooooooong-term hold' view of this stock. Makes a great cornerstone of your portfolio IMO.
 
Mitsimonsta said:
I have a feeling it might flatten somewhere between $17-$18, but I really want to know breakout points and possible support levels that will drive this long term.

Well done on your $4 buy on this Paul.... when was that? Mid-93?

I definitely hold your 'looooooooooooong-term hold' view of this stock. Makes a great cornerstone of your portfolio IMO.
Click to expand...

It was late 2003 from memory.

By that stage I had purchased a number of stocks and was really nailing down my fundamental analysis for long term buys. I spent a heap of time researching a number of stocks and ORG came up trumps.

It has definitely been one of my better performers.
 
Top