The value play is both the oil and the electricity.
You just have to squint a little harder to see it with the electricity. The best "value plays" as you put it are ones like the electricity business where it isn't obvious.
Ideally everyone is screaming at you how insane you are to buy, yet you are prepared to back yourself on something you know for sure. Something you are embarrassed to mention in public.
In these cases you will be the only buyer and the price will be very low.
In my opinion, if this was just an oil play I would prefer RIG which has 10x upside vs just 3x for ORG.
The misnamed "ESG" crowd (or bubble) are in for an absolute beating. Their legacy in Australia will be an overbuilding of wind and solar assets and consequential low future returns from these assets. ORG is in a good position hard as that is to believe.
If you are an "activist" turning up at AGMs with 1% of the vote then you don't matter - when I am playing shareholder activist I don't ask nicely.
"It is a tale, told by an idiot. Full of sound and fury, signifying nothing".
The value play is both the oil and the electricity.You just have...
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Last
$9.64 |
Change
0.020(0.21%) |
Mkt cap ! $16.60B | |||
| Open | High | Low | Value | Volume |
| $9.62 | $9.66 | $9.58 | $19.13M | 1.987M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 12887 | $9.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.65 | 15283 | 4 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$9.64 |
Change
0.020 ( 0.27 %) |
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| Open | High | Low | Volume | ||
| $9.60 | $9.66 | $9.59 | 630721 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| ORG (ASX) Chart |