Origin's Centennial deal leaves punters cold

They liked the first deal for cheap Cobbora coal. But Origin's shareholders have given the thumbs down to its new supply deal from Centennial despite Cobbora compensation

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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