They sell Gas and lots of it which is a direct substitute for Oil
ORG are not in any danger of going 'belly up'. The turning point was the declaration they made on funding back in Feb and options put on oil which protects them from extreme downside in oil price
In short to mid term they may drift lower due to no news as strategy is determined with new CEO and the fact they have suspended divs to reduce debt quickly. This is absolutely the right thing to do as the cost of service will risk when rates pick up next year.
After that, I think they could have a significant re rating and I would not be surprised if that took them to $8 plus by this time next year.
Just need a little patience - I agree with MAQ and I am the worlds biggest scepttic!
They sell Gas and lots of it which is a direct substitute for...
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Last
$10.77 |
Change
0.055(0.51%) |
Mkt cap ! $18.54B | |||
| Open | High | Low | Value | Volume |
| $10.76 | $10.79 | $10.72 | $4.913M | 456.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 11852 | $10.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.77 | 12022 | 28 |
View Market Depth
| Last trade - 13.00pm 09/07/2024 (20 minute delay) ? |
| ORG (ASX) Chart |