ORG 0.49% $10.14 origin energy limited

Our short term SP direction is more dependent on a favorable...

  1. 1,073 Posts.
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    Our short term SP direction is more dependent on a favorable conclusion to the NSW electricity assets sale IMO.

    Our competing bidder for the assets AGK has just hit a 12 month high.

    My view is that the strategic energy assets in Australia will increasingly be dominated by a few key players over the next 10 years, hense ORG will remain at a rather large 15% weighting in my portfolio. My anchor in a economic environment still accident and shock prone.

    An increasing share of electricity retail and generation should be ORG's bread and butter growth providers over the next 2 years. King is still guiding a 15% underlying growth in EPS for FY11.

    I am happy for King to build as much optionality onto this core business as possible. APLNG, other E & P, Geothermal, PNG Hydro, Solar etc.

 
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