The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Markets hate uncertainty, Origin has had 4 years to develop drilling plans and contingencies. Hopefully they will lay out a clear and concise path forward and fully take advantage of government subsidies. With the delays of the past few years there should be no excuse for Origin not to be ready for a robust drilling season! Cheers to better times ahead.
Part of the problem here is there is no clear path ahead. They dont know where they are going next, they should be punching multiple holes with a so call world class play like this. Relying on this one hole for the past 3 years has been a joke at best. I dont think Origin are that committed either judging by their statemnent saying their looking to farm down this play.What kind of deal did Falcon do with Origin anyway, we farmed down to them. Can the next guy farm down to someone else as well, truly a **** show. We are at post Covid 19 lows, congrats POQ!
Once again we have no buyers through lack of execution. This stock just continues not to perform. .12 cents cad. A complete lack of communication from this company. G333 gave timeline #s which should scare the people who arent aware of them. Just continues to be a dog, how long can people keep the faith, im thinking not much longer.
JP disclosure. The TSX's timely disclosure requirements are based on the concept of "material information", which is comprised of the concepts of "material fact" and "material change". These latter two are distinct concepts that are defined in provincial securities legislation. Generally, they refer to either (i) a fact, or (ii) a change in the business, operations or capital of an issuer that in each case, if disclosed, would reasonably be expected to have a significant effect on the market price or value of an issuer's securities.
Provincial securities legislation requires immediate disclosure of a material change. The TSX's timely disclosure rules require immediate disclosure of material information.
I can see why Origin would not keep shareholders apprised of each small phase of drilling in the Beetaloo as they are a multi faceted organization. As for Falcon, this is their only realistic play right now. They should be walking shareholders through this process and not constantly creating unnecessary uncertainty. THIS IS THEIR ONLY PROJECT FOR GODS SAKE!
Shareholders are getting nervous with lack of news once again, people in the know are well aware of timelines in this industry. Hopefully its just POQ forgetting to report good results as his plate must runneth over with corporate duties.
https://www.originenergy.com.au/about/investors-media/media-centre/beetaloo_project_update.html
Looks like all this frenzied buying for this MASSIVE gas play isnt happening. Looks like their betting on bad news this week. Unlike Empire where the stock price is slowly climbing, with management owning 30% of the stock, compared to ours with a big fat 0%. Credibility is in the toilet, a billion shares out, 0 control of the play, and equity in the Beetaloo at a shaky 22.5% it isnt hard to see why were here!
I have been in this stock to differing degrees for 15+ years, watched this board for many of those years without ever speaking up. It is not in the best interest of anyone for posters to submit misleading information, thats why im speaking up. I have significant holdings in this company and like most everyone else want it to succeed. Relevant, accurate, truthful, insightful information is always welcome in my world, but i cant help but speak up when this runaway train of BS is steaming down the track. LK you genuine in your postings and hopefully we all do well, I tend to get a little carried away at times, but its hard to sit back and be silent!