The only problem I have with your statement, "Org will be worth $10 when the POO goes up",
is I dont see POO rising materially, for at least a few years.
At the Origin AGM, Gordon Cairns and G King spoke about ORG operating in a "worst case scenario" - no contribution from APLNG. Perhaps the ORG Board has finally realised the low POO is the new norm, and are now trying to run the company in this new "Low oil price world", rather than hanging on and hoping the POO magically goes up.
ORG Trading Halt, page-37
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Last
$9.67 |
Change
0.010(0.10%) |
Mkt cap ! $16.65B | |||
| Open | High | Low | Value | Volume |
| $9.66 | $9.70 | $9.58 | $15.35M | 1.591M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 653 | $9.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.67 | 36003 | 6 |
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| Last trade - 16.10pm 28/10/2024 (20 minute delay) ? |
| ORG (ASX) Chart |