is it too late to buy org

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"Is it too late to buy Origin Energy Limited and Santos Limited?
By Tim McArthur - May 1, 2014 | More on: ORGSTO




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Recent announcements by both integrated energy provider Origin Energy Limited (ASX: ORG) and oil and gas producer Santos Limited (ASX: STO) are a reminder for investors that a step change in production volumes and revenues for both businesses is about to happen. Despite being widely acknowledged, this perhaps isn’t yet fully reflected in their respective share prices.

The recent March quarterly production figures released by Origin show strong production volumes were achieved over the prior quarter. The figures showed that Origin lifted its quarterly production by 10%, thanks largely to increased contributions from its Australia Pacific LNG Project (APLNG) and Otway Project. The 10% jump in volumes filtered through to a hefty 27% increase in revenues, thanks to higher average commodity prices and higher third party sales volumes.

Importantly the market was also provided with an update on the APLNG project. Origin’s CEO of LNG, Mr David Baldwin stated that: “APLNG remains on track to deliver first LNG in mid-2015, with the upstream component approximately 67% complete and the downstream component approximately 68% complete.”

Meanwhile Santos has just announced to the market that the PNG LNG Project – which Oil Search Limited (ASX: OSH) is also a major shareholder in – has started producing liquefied natural gas (LNG) ahead of schedule.

It’s great news for shareholders and should see LNG beginning to be shipped to Asian markets within the next couple of months. Santos’ MD David Knox also took the opportunity to reaffirm to the market that the Gladstone LNG (GLNG) Project was on time and on budget, with the first shipment of LNG expected to occur next year.