ORG 0.00% $10.54 origin energy limited

morgan upbeat on org

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    MARKET TALK: Origin Might Surprise At Aug 30 Results - MS 17/08/06 10:57:00

    1057 [Dow Jones] STOCK CALL: Morgan Stanley upbeat on Origin Energy (ORG.AU)
    following AGL (AGL.AU) comments on problems facing PNG Gas project and AGL's FY
    result. PNG uncertainty increases value of ORG's Queensland coal seam assets,
    broker says; cold weather helps AGL and likely to do same with ORG as
    second-largest retailer. Keeps ORG at Overweight, adds "potential for positive
    earnings surprise" at Aug. 30 ORG results. Target A$9.35 vs last A$7.41, off 9
    cents. (IGP)

    Contact us in Sydney. 61 2 8235 2950;
    [email protected]

    (END) Dow Jones Newswires
    17-08-06 0057GMT
    Copyright (c) 2006 Dow Jones & Company, Inc.(AP-DJ-08-17-06 0057GMT)


 
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