Recent Updates Of Energy Stocks - ORG, SXY

  • Apr 22, 2019 AEST
  • Team Kalkine
Recent Updates Of Energy Stocks - ORG, SXY

Both ORG and SXY belongs to the energy sector. As on 18 April 2019, the S&P/ASX 200 Energy (Sector) index increased by 1.03%. Let us see the recent updates and how these stocks performed from January 2019 till date.

Origin Energy Limited (ASX: ORG)

Origin Energy Limited is a company from the energy sector and has a rich heritage in energy exploration, production, power generation as well as retailing.

The stock has given a decent YTD return of 15.51%. The stock is seen taking a gradual upward movement from 2 January 2019 to 17 April 2019.

On 31 January 2019, the company released its December 2018 quarterly results. The announcement highlighted that Australia Pacific LNG had delivered the highest ever quarterly revenue of $741 million, up by 45% as compared to pcp. Origin Energy Limited has 37.5% interest in Australia Pacific LNG. The company takes care of the operations of Australia Pacific LNG. From Australia Pacific LNG, the company received $393 million during 1H FY2019. The announcement also highlighted that the Energy markets sale of electricity and gas was in line with the seasonal demand.

On 12 February 2019, the company announced the appointment of Greg Lalicker to its board as an independent non-executive director.

On 19 February 2019, Origin Energy Limited signed a contract to sell its Ironbark project.

On 21 February 2019, ORG released its 1H FY2019 results, where the company had delivered a solid operational performance. The Underlying profit during the period was $ 592 million. The company declared an interim dividend of 10 cents per share.

On 16 April 2019, Origin’s long-term senior unsecured credit rating was upgraded from -BBB to BBB by rating agency S&P.

The shares of ORG closed the day’s trade at A$7.320 (as on 18 April 2019), up by 0.274% as compared to its previous closing price. ORG holds a market capitalization of A$12.86 billion and approximately 1.76 billion outstanding shares.

Senex Energy Limited (ASX: SXY)

Senex Energy Limited is a company from the energy sector and is engaged in the production, exploration and development of petroleum.

The SXY stock has given quite a decent YTD performance of 33.96%. On 21 January 2019, SXY released an announcement where it has satisfied all the federal environmental requirements in relation to the Project Atlas from the Department of the Environment and Energy.

On 30 January 2019, SXY released its quarterly results for the period ended 31 December 2018. SXY highlighted that the production at the Roma North gas increased by 33% as compared to its previous quarter. 1H FY2019 production increased by 49%,and closure of the $150 million debt facility.

On 14 February 2019, Jemena Ltd was awarded a project to construct the Project Atlas gas processing facility from the Queensland Government.

On 19 February 2019, SXY released its 1H FY2019 results wherein it reported that the revenue of the company increased by 44% to $42.8 million. The company incurred a loss after tax from ordinary activities of $4.5 million.

As per the announcement on 20 March 2019, the company had started the civil works for drilling around hundred and ten wells in its Surat Basin projects.

On 25 March 2019, the company announced the changes in the board post the resignation of Mr Andy Zhmurovsky as a non-executive director. Mr Vahid Farzad replaced Mr Andy Zhmurovsky as a non-executive director.

On 27 March 2019, the Queensland government approved SXY for the development of Project Atlas. This approval along with the satisfaction of the federal environmental requirements enables the company to move towards the full development of Project Atlas.

On 3 April 2019, SXY confirmed that the civil work has started at Project Atlas gas processing facility

On 16 April 2019, SXY confirmed that they would commence its Sural Basin natural gas drilling program in the next month. For this, it will contract Easternwell, an experienced oil and gas services provider.

Yesterday on 17 April 2019, SXY has entered into a domestic gas sales agreement for up to 3.25 petajoules of natural gas with CSR Limited (ASX: CSR)

The shares of SXY closed the day’s trade at A$0.355 (as on 18 April 2019), down by 1.389% as compared to its previous closing price. SXY holds a market capitalization of A$523.08 million and approximately 1.45 billion outstanding shares.


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