Supportive commentary from Russia, Saudi Arabia positive for Origin Energy

Andrew Stanley

Origin Energy (ASX:ORG) was boosted by a relatively clean-half year result. The energy market business delivered good growth with margin expansion in ORG’s domestic gas retailing business a noteworthy feature we had been expecting for some time. ORG’s APLNG plant has finally commenced operations with the first train now operational and targeting mid-2016 for formal completion testing with contractor, Bechtel. The second train is expected to come online shortly. Despite volatile conditions in the oil market across the quarter, Brent Oil finished up 6.2%, having touched multi-year lows early in the period. Supportive commentary from key oil-producing countries, Russia and Saudi Arabia, about the potential for oil production output freezes was also positive for ORG. (VIEW LINK)


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