MARKETS SPECTATOR: Origin's cold coal

Investors are unimpressed with Origin Energy’s new Centennial Coal deal, which may prove less lucrative than its previous Cobbora investment.

What is it about Origin Energy’s $659 million purchase of coal and hydroelectricity power generator Eraring Energy that has got investors so glum? At 1359 AEST the stock was down 36 cents, or 2.9 per cent, to $12.21, after falling as much as 4.4 per cent to $12.02.

It may be that some investors have concluded Origin’s latest coal deal is not as good for the company’s bottom line than the previous one.

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