$6 price target party, page-2

Brokers upgrade stocks after the fact so their work is best ignored or if anything it should be used to confirm your own analysis and outlook.

I say ORG will be $8/share by year end, otherwise i suspect a take out - as it remains heavily discounted.

At 8x Cashflow APLNG is worth at least $10bn. If market reprices O&G sector (i.e ESG and all that good stuff) then potentially $12-15bn just for APLNG.

AND we have not seen the domestic market reprice international gas and coal prices - when this does happen - we will all be back in business across Energy Markets.

Liddels legacy coal supply contract ends Cal 22 so AGL will now be pricing their excess supply at the margin going forward - assuming they start rolling their contract loads 12-18 months out...

Plus Wind and Sun seems to operate mainly during daytime so gas remains the transition fuel - however new build (Kurri Kurri) will be too expensive to run in a tight gas domestic market.