Don't forget that Origin have an enormous retail business as well. While base price profitability is reasonably good on their standard rates, they've just launched an insanely expensive offer that includes a commitment to sell at below cost on their acquisition rates. Given that it takes something like 14 months to recover costs on a break-even initial offer, their new acquisitions are going to take something like 2 years to become profitable. With a net promoter score of around -30(!) they're going to lose a lot of those acquisitions well before 2 years.
So although I don't have the confidence to say that ORG doesn't deserve the gold in terms of POO rebound, I would still rate it below Santos and Western Petroleum for quality of investment.
STO Price at posting:
$8.83 Sentiment: Hold Disclosure: Held
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