Maintenance-Crimped Third Quarter Overshadowed by Takeover Bid
We are retaining our AUD 8.00 per share fair value estimate despite a soft third quarter, with just 14.5 mmboe produced, along with a...
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Volumes Impress for the PNG Liquefied Natural Gas Project
Oil Search reported better-than-expected production and revenue in third-quarter 2015. This is sufficient to drive forecast earnings increases,...
364 Views
Weekly Impressions - Sizing up Mr Mike Smith's footprint on ANZ
The two key company announcements in Australia in the past week were Origin Energy’s launch of a $2.5 billion entitlement offer designed to...
371 Views
Capital raise still doesn't quell the uncertainty but stock remains cheap towards the lower end
Origin Energy plans to raise A$2.5bn via an 4 for 7 fully underwritten pro rata renounceable entitlement offer. The offer price is A$4.0/share,...
343 Views
Origin Energy Blinks First, but Entitlements Offer Value
Origin Energy has a gearing problem, rather than a liquidity or earnings problem. The AUD 2.5 billion capital raising and other initiatives should...
378 Views