ORG 1.00% $9.92 origin energy limited

News: ORG UPDATE 1-Australia regulator approves Brookfield's $9.8 bln bid for Origin Energy, page-26

  1. 3,769 Posts.
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    It has taken time, and in this time:
    - Oil price up
    - LNG sales prices significantly up
    - energy markets more profitable
    - various government interventions in electricity, gas and (for NSW) price of coal for local use have not had negative effects once feared (some indeed positive to ORG)
    - Eraring likely to be asked to operate for a few years longer than previously
    - retail operations profitable
    - Kraken shooting the lights out
    - previous problems behind ORG
    - two half years of increasing profitability , and increasing ff dividends
    ORG is worth a lot more than it was when firstly (or secondly or thirdly or fourthly) bid for by Brookfield - and they know it.
    ....as do shareholders
    A fair bit mores needed to get it over the line, but, from how the business has operated with increasing profitability over the last year, we should have no worries if the bid fails and we remain shareholders.

 
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