Origin Energy

Origin Energy’s share price has slumped 9% since 05 Jul 12 (Long Term Buy - $12.74) and 17% for the quarter. For a relatively stable energy retailer this is a noteworthy decline but two issues are behind it; one has to do with Australia Pacific LNG (APLNG), the other the energy retail business. The market has judged that costs at APLNG will be higher, and production rates lower, than predicted. Both these judgements have been made following announcements from Origin's peers. Woodside, Chevron and others have reported higher LNG developments costs while coal seam gas producers such as Santos and...

Origin Energy’s share price has slumped 9% since 05 Jul 12 (Long Term Buy - $12.74) and 17% for the quarter. For a relatively stable energy retailer this is a noteworthy decline but two issues are behind it; one has to do with Australia Pacific LNG (APLNG), the other the energy retail business.

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