NatGas

Another downgrade to FY22 guidance by Origin Energy has signalled continued pressure on the balance sheet, only likely to be mitigated by the distribution from APLNG

Now the Santos bid for Oil Search is out in the open what does it mean for the future of both companies?

While energy might be ‘on the nose’ for many investors, all brokers expect rapidly changing supply dynamics, fuelled by an unwillingness to invest in large and expensive projects, is likely to support the sector

Despite the structural pivot to clean energy, LNG is set for a multiyear recovery with Santos uniquely positioned to double production volumes by 2025

One of them had to give way in the dispute between Beach Energy and Origin Energy over gas pricing, and it was the latter that ended up downgrading guidance

Santos has given a green light to the Barossa gas/LNG project, underpinning confidence in the outlook

Beach Energy has found gas in its Artisan exploration well although other fields supplying Victoria’s Otway plant are considered more promising

The prospects of capital returns from Origin Energy loom as cash levels rise and oil prices rebound. Nevertheless, the company faces challenges in its energy markets

APA Group will go it alone in the construction of a new gas pipeline in Western Australia’s goldfields, having assessed significant demand exists from a range of mineral producers

As a critical decision on Santos’ Narrabri project nears, brokers note the company has several other irons in the fire which can generate cash flow and growth