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Stocks Down Under 24 July 2020: Origin Energy, Macquarie Telecom, Theta Gold Mines
Origin Energy: LNG prospects and Octopus Energy partnership looking good
Origin Energy is a Sydney-based electricity and gas supplier to residential and commercial customers throughout Australia. Origin was formed from the 2000 demerger of Sydney-based conglomerate Boral Limited and has since built a strong track record of gas exploration and production, power generation, energy sales and renewable energy development. The shares offer a 4.8% dividend yield and given the growth opportunities in liquid natural gas (LNG) appear undervalued at present levels. We believe the recently formed partnership with Octopus Energy should further drive its bottom-line performance.
Also in today’s edition: cyber security hype around Macquarie Telecom and opportunity with Theta Gold mines.
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