ORG - Origin Energy

[Hedders]

Does anyone know why Origin went down today by more than 50 cents/share? It seems a bit volatile in the absence of any news either way.

 

[Go Nuke]

One for all the chartists...

Classic divergence shown here on the stochastics.

If I had money i could have played that..lol

Note the rising share price but the stochastics were making lower highs.

 

[Real1ty]

Geez there's been some sustained selling on this recently and is down from 17.20 in early May to 14.81 now.

Something is going on...and it doesn't smell good.

 

[fureien]

i bought in when it was last $15. i find it strange that its dropping without news. this stocks been sustained around the $16 mark so hopefully we will see a retrace

 

[Nero64]

Hey Nuke good pickup. What's the settings on your stochastic indicator.

Not sure why the SP has retreated. The capital raising with Santos didn't help but Origin has bucket loads of cash - 6+ Billion.

 

[johannlo]

It does get you suspicious doesn't it, CSG on the rise and so much cash in the bank, the more paranoid of us (like me) are going to wonder.

On face value I'd jump on this if i had the $$ but going to sit on the sidelines for a bit more personally.

 

[Real1ty]

I should state first up that i don't hold ORG but watch with interest.

It looks like the selling started after 2 announcements made by ORG.

1: Habenero well incident http://www.asx.com.au/asxpdf/20090506/pdf/31hfxm43fy4jv9.pdf

2: The purchase of Wind Power http://www.asx.com.au/asxpdf/20090506/pdf/31hfyhmj6vx0n2.pdf

After reading the announcement it was surprising that there was no detail given as to price paid or anything of any real substance but upon some further digging, i came up with this. http://ffggippsland.blogspot.com/2009/05/origin-acquires-wind-power.html

Developing all the projects may cost as much as $4.4 billion based on an Origin Energy estimate of typical wind ventures.

Origin Energy would not comment on the purchase price, said Michelle Zahra, a spokeswoman in Sydney. Andrew Newbold, a director of Melbourne-based Wind Power, also wouldn't give the price. "Given they're all just development projects, I wouldn't have thought it's that substantial," RBS's Mabee said.

Maybe the market is not happy about the lack of detail disclosed, actually knows what was paid and believes it was too much, will cost too much too develop or probably none of these reasons.

 

[Golf 16]

Hey Nuke good pickup. What's the settings on your stochastic indicator.

Not sure why the SP has retreated. The capital raising with Santos didn't help but Origin has bucket loads of cash - 6+ Billion.

G'day Nero. On the chart I use Slow Stochastic is pretty bleak for Origin - in fact all of the indicators are pointing to a downhill run. The MACD (not shown) is equally poor.
Funnily enough this stock received a recommendation from Intersuisse on Wednesday 20 May with a valuation of $22.45 per share!!
I do not hold.
Cheers
Golf 16

 

[Mitsimonsta]

Feels like ORG is SEVERELY underperforming sector and the market as a whole in the last month or so.

Can a chartist please plot ORG versus XEJ and (XAO or XJO) and post results please?

I cannot see the Habanero incident having any real material impact on SP considering the current investment in it. There's alot of money in the bank, no debt, and assets are being purchased - especially green power sources.

Anyone have any tidbits of info?

 

[Real1ty]

Feels like ORG is SEVERELY underperforming sector and the market as a whole in the last month or so.

Can a chartist please plot ORG versus XEJ and (XAO or XJO) and post results please?

I cannot see the Habanero incident having any real material impact on SP considering the current investment in it. There's alot of money in the bank, no debt, and assets are being purchased - especially green power sources.

Anyone have any tidbits of info?

Origin dismisses fears to LNG project

Date: 26/5/2009
Author: Paul Garvey
Source: The Australian Financial Review --- Page: 46

A spokeswoman for Origin Energy says the Australia Pacific LNG joint venture is continuing talks with potential customers. That follows the emergence of concerns about the progress of the group's Queensland LNG project. The spokeswoman pointed out that Origin's joint venture partner,Conoco Phillips, has 40 years of experience in selling LNG, and claimed the joint venture aims to form arrangements with customers that share the entity's long-term strategy

I entered this stock 2 days ago at 14.81 and am happy with this position, for now but will be keeping a close eye on the sp....

 

[skc]

I entered this stock 2 days ago at 14.81 and am happy with this position, for now but will be keeping a close eye on the sp....

Continuing our chat in the other thread - got in at $15.08 yesterady (so I didn't follow my plan to enter after confirmation at $15.5, but might pyrmid some more when that happens).

 

[Real1ty]

Continuing our chat in the other thread - got in at $15.08 yesterady (so I didn't follow my plan to enter after confirmation at $15.5, but might pyrmid some more when that happens).

Well done and as i mentioned in the other thread in this market you can be a little riskier with your entries imo.

Last 2 days have been stronger closes, where as prior to that it was very weak prior to closing. Not sure how much can be read into that or this stock atm but as always, time will tell.

Excellent trade on PTM btw, well done.

 

[skc]

Well done and as i mentioned in the other thread in this market you can be a little riskier with your entries imo.

Last 2 days have been stronger closes, where as prior to that it was very weak prior to closing. Not sure how much can be read into that or this stock atm but as always, time will tell.

Excellent trade on PTM btw, well done.

I found PTM after reading their speeding ticket... always good for seeing which stock making unusual moves.

 

[tracytop]

what is ur guys thought on today's announcement. IMO, it is not that bad, profit downgrade. but still it is in positive region.

 

[skc]

Continuing our chat in the other thread - got in at $15.08 yesterady (so I didn't follow my plan to enter after confirmation at $15.5, but might pyrmid some more when that happens).

SL got hit this morning at $14.7 for a small loss. The profit downgrade wasn't in the charts! Next minor support just above $14... Will reassess when we get there I think.

 

[Mitsimonsta]

Hmmmmmm, starting to get close to my buy price on these....

Could be worthwhile to load up the truck if they drop down to previous levels (sub-$14) again. I believe the long-term prospects to be very, very good.

Pity I have other targets at the present time, mainly in REITs which I missed last month.

 

[rickzheng1]

ORG-origin energy

why origin keeps losing its positions in the recent days? even though they reported a fairly good annual result. can anyone tell me?

 

[Miner]

Re: ORG-origin energy

why origin keeps losing its positions in the recent days? even though they reported a fairly good annual result. can anyone tell me?

I beg the same question

The contrary of it with CBA, Qantas - they posted lower profit and their shares went up.
Surprisingly in this forum this is the second posting on ORG in the month of Aug 09 and the previous posting before these two was in June 09.

Could I draw a correlation between lack of interest in ORG both in ASX and ASF explains the share price fall ?

Experts in ORG could you please share your thoughts ?

 

[swm79]

i agree Miner... strange strange days... was expecting to see this one rally a bit to possibly $18, but its stayed flat.

Maybe because of Gorgon - attention is elswhere.

ORG tried to break that up by announcing they will be tripling the $50b, but STILL nothing.

im a long time watcher of ORG - if i had spare cash i'd be on this

 

[The Captain]

My bet is that Origin will fall and my target is around the $12.80 mark. When this happens it may bounce back to current levels. But mine is just an opinion and you should do tour own research.
Cheers and happy trading.