ORG has bounced over the last few months, the last piece of positive news being the sale of its 10% stake in Australia Pacific LNG for $2.21bn leaving it holding a 27.5% position and a bigger war chest to handle the major energy transition that it playing out around the globe. Some brokers are now calling ORG up towards $6 and we feel that’s a strong possibility i.e. 15% higher. The stocks 3.35% yield is a nice added bonus making it an option for our Income Portfolio.
MM is bullish ORG
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