The Origin share price fell around 9% today after announcing its price review outcome and update on FY21 guidance.
The energy business has been engaged in a price review for gas purchased from
Beach Energy Ltd’s(ASX: BPT) Otway Basin fields, which was referred to arbitration.
Origin said that the arbitrator has now issued a partial award and on the basis of that decision the new gas price is likely to be materially above Origin’s expectations and recent comparable wholesale contracts. The outcome is expected to result in an increase in Origin’s cost of supply of $30 million to $40 million for FY21, increasing further to $60 million to $80 million in FY22 consistent with an expected increase in volume.
Big brokers think these 5 ASX shares can outperform the market
Kerry Sun | April 13, 2021 12:39pm |
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Big brokers have run the ruler on ASX shares that could beat the market. Here are the ones that have been rated as a buy or buy equivalent on Tuesday.
ASX shares that could outperform the market
3P Learning announced on Monday that it will acquire 100% of Blake eLearning to emerge as a leading educational technology platform.
Morgan Stanley views this as a positive transaction in terms of scale, product mix, customer mix and potential for meaningful revenue and cost synergies.
Is this a better way to buy into the ASX mining supercycle?
Brendon Lau | March 10, 2021 10:46am |
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Our big ASX miners have surged over the past year with the
Fortescue Metals Group Limited(ASX: FMG) share price jumping 159%.
The
Rio Tinto Limited(ASX: RIO) share price increased by 50% over the same time.
Has the bulk carrier left the jetty?
That’s enough to give anyone the case of the FOMO when the
But those who loath chasing rocketing ASX share prices might find this other strategy more appealing.
Goldman Sachs have gone through the latest results from the mining sector and believe that ASX mining contractors are well placed to outperform in 2021.