Origin Energy Limited (ASX: ORG) set a 52-week high of $15.00. Earlier this month it released its interim results of a 5% increase in underlying net profit. As of 31 December 2013, the company’s Australia Pacific LNG (APLNG) project was more than halfway completed and it expects to deliver its first LNG from its Queensland processing facilities in mid-2015.
Foolish takeaway
Of these three, I prefer Origin because even though it is about another year before first LNG delivery, the combination of greater projected production revenue and less capital expenditure for the construction phase will both add to the bottom line. The market will respond to that in expectation of higher profits, potentially lifting the share price before first delivery.
ORG Price at posting:
$15.00 Sentiment: LT Buy Disclosure: Held
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