Is something big about to go down with Origin Energy (ASX:ORG) shares?

Here’s a closer look at what’s happening with the energy giant’s share price…
The post Is something big about to go down with Origin Energy (ASX:ORG) shares? appeared first on The Motley Fool Australia. –

The Origin Energy Ltd (ASX: ORG) share price weakened in afternoon trade, finishing the day down 2.44% to $4.80.

It comes amid reports the energy giant has decided to cancel its investor day, which was scheduled for next month.

While a formal announcement has not been made by Origin, the news might be sparking some questions.

Sparking speculation

Investors put downwards pressure on the Origin Energy share price today. This is despite there being no announcements posted by the S&P/ASX 200 Index (ASX: XJO) energy company.

However, The Australian has suggested Origin Energy has cancelled its upcoming investor day. As a result, onlookers could be wondering what would prompt such action. One query, in particular, is whether there could be a major shift in strategy planned.

For example, some market participants are asking if Origin could be on the table for another big oil and gas deal. This comes at a time when megadeals are being executed left, right, and centre.

Examples of these include the $23 billion merger of Oil Search Ltd (ASX: OSH) and Santos Ltd (ASX: STO). Another is Woodside Petroleum Limited (ASX: WPL) and the oil assets of BHP Group Ltd (ASX: BHP).

Specifically, some investors are wondering whether the company could be mulling the sale of its energy retail business. Any sale would be eyebrow-raising considering it was only last month the company executed an agreement to sell a 10% interest in Australia Pacific LNG worth $2.12 billion.

Origin Energy share price snapshot

While the Origin Energy share price has diverted a negative return in 2021 so far, it is still less than spectacular. Having gained 0.5% since the year commenced, Origin shares are underperforming the benchmark index by around 8%.

Unlike many other ASX-listed shares, the Origin Energy share price is still a long way off its pre-COVID levels. Prior to the market crash in March 2020, the energy retailer was fetching a price of around $8.74.

Finally, the company currently holds a market capitalisation of $8.56 billion.

The post Is something big about to go down with Origin Energy (ASX:ORG) shares? appeared first on The Motley Fool Australia.

Should you invest $1,000 in Origin Energy right now?

Before you consider Origin Energy, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Origin Energy wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

Why is the Origin (ASX:ORG) share price outperforming AGL in November?

Here’s why the Origin (ASX:ORG) share price has outperformed the ASX 200 over the last 3 months?

These ASX 200 shares could be set to face fresh pressure over climate action

Why is the AGL (ASX:AGL) share price underperforming Origin lately?

The top performing ASX 200 energy shares in October unmasked

Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!