2 Oil And Energy Stocks- ORG And WPL

2 Oil And Energy Stocks- ORG And WPL

ORIGIN ENERGY LIMITED (ASX: ORG)

The shares of Origin Energy Limited closed the day’s session at A$7.020 (1 February 2019), down by 1.955%. The company has 1.76 billion outstanding shares with the market capitalization of circa $12.6 billion. The stock has delivered the negative return of 23.34% over the past year. However, during the last one month, ORG delivered the positive return of 10.66%.

Origin Energy limited is under the energy sector. On 31 January 2019, the company has announced their Quarterly business report for the period ended 31 December 2018.

Integrated Gas: Australia Pacific LNG reported 45% jump in revenue of $741 million (origin share). The company reported loading and shipping of total 32 LNG cargoes. The company reported of securing net A$393 million cash from Australia Pacific LNG in the first half of fiscal year 2019.

Energy markets: Both electricity and natural gas reported decline in sales volumes with 8.7 TWh electricity sales volume (9.2 TWh PCP) owing to lower usage and customer numbers and 65 PJ Natural gas sales volume.

On 31 December 2018, the company has disclosed to the ASX that one of its directors, Ms. Maxine Brenner who had an indirect interest in the Company, had acquired 6,250 fully paid ordinary shares via On-market Purchase. MNR Superannuation Pty is the registered holder for the benefit of Ms. Maxine Brenner. Hence after this development, the number of securities held in MNR Superannuation Pty Ltd are 28,367 Origin Energy shares.

The Company’s total comprehensive income for the year stood at $ 387 million in FY18. On Balance Sheet front, Net Assets was $ 11,828 million in FY18, (over the prior year which was $11,418 million). As at 30 June 2018, ORG had maintained the cash and cash equivalent of $150 million (over the prior year which was $117 million).

WOODSIDE PETROLEUM LTD (ASX: WPL)

The shares of Woodside Petroleum Limited closed the day’s session at A$33.880 (1 February 2019), down by 1.282%. The company has 936.15 million outstanding shares with the market capitalization of circa $32.13 billion. The stock has delivered the negative return of 5.82% over the past six months. However, during the last one month, WPL delivered the positive return of 9.51%.

Woodside petroleum limited is an oil and gas exploration company. On 17 January 2019, the company has announced their December Quarter report. The company’s sales revenue for the quarter stood at $1,419 million, which represents an upside of 43% compared to Q4 2017. The company also mentioned that their Pluto LNG achieved 99.7% reliability. The company has signed 20 years of gas sale and purchase agreement with Perdaman. According to this agreement the company will supply the pipeline gas for the next 20 years.

During the quarter, the company has started production at Greater Western Flank Phase 2. According to the management, they are six months ahead of schedule and $630 million under total budget.

The company has recorded NPAT of $541 million for 1 HFY18. The operating cash flow was $1,540 million, which represents an upside of 25%. The operating cash flow is supported by higher production and sales revenue. During the 1HFY18, the company delivered positive free cash flow and acquired equity in Scarborough gas resource. The company’s 1HFY18 NPAT was impacted by the timing of finance costs and exploration expenses, and taxes.


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