Sinopec's LNG Price Review Creates Overhang for Origin -- Market Talk

Dow Jones

Oct 08, 2024

2346 GMT - Sinopec's request for a price review with the APLNG gas-export project is likely to result in a lower contracted LNG price from Jan. 1 for at least the next five years, Jarden says in a research note on Origin Energy. "While we leave our forecasts (which factor in a 5% cut in its oil-linked contract price) unchanged, we see potential for further downside risk (up to A$0.45/share) if there is no 'floor' in the price review process," says analyst Nik Burns. Jarden expects the market to take a conservative view on the outcome, and it could take six months to resolve if parties seek arbitration. Still, Origin has a tailwind from oil-price volatility due to Middle East unrest. Jarden keeps its price target unchanged at A$10.00/share, just below Origin's latest price of A$10.21. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

October 07, 2024 19:46 ET (23:46 GMT)

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Jarden expects the market to take a conservative view on the outcome, and it could take six months to resolve if parties seek arbitration. Still, Origin has a tailwind from oil-price volatility due to Middle East unrest. Jarden keeps its price target unchanged at A$10.00/share, just below Origin's latest price of A$10.21. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 07, 2024 19:46 ET (23:46 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sinopec's LNG Price Review Creates Overhang for Origin -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSinopec's LNG Price Review Creates Overhang for Origin -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-10-08 07:46</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2346 GMT - Sinopec's request for a price review with the APLNG gas-export project is likely to result in a lower contracted LNG price from Jan. 1 for at least the next five years, Jarden says in a research note on Origin Energy. \"While we leave our forecasts (which factor in a 5% cut in its oil-linked contract price) unchanged, we see potential for further downside risk (up to A$0.45/share) if there is no 'floor' in the price review process,\" says analyst Nik Burns. Jarden expects the market to take a conservative view on the outcome, and it could take six months to resolve if parties seek arbitration. Still, Origin has a tailwind from oil-price volatility due to Middle East unrest. Jarden keeps its price target unchanged at A$10.00/share, just below Origin's latest price of A$10.21. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 07, 2024 19:46 ET (23:46 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0314104364.USD","symbol_name":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2473559524","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2473559524","pubTimestamp":1728344760,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2346 GMT - Sinopec's request for a price review with the APLNG gas-export project is likely to result in a lower contracted LNG price from Jan. 1 for at least the next five years, Jarden says in a research note on Origin Energy. \"While we leave our forecasts  unchanged, we see potential for further downside risk  if there is no 'floor' in the price review process,\" says analyst Nik Burns. Jarden expects the market to take a conservative view on the outcome, and it could take six months to resolve if parties seek arbitration. Still, Origin has a tailwind from oil-price volatility due to Middle East unrest. Jarden keeps its price target unchanged at A$10.00/share, just below Origin's latest price of A$10.21. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","BK7507":"资源股","LNG":"Cheniere Energy","IE00B29SXL02.USD":"FIRST SENTIER GLOBAL LISTED INFRASTRUCTURE \"I\" (USD) INC","BK7006":"电力公用事业","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","BK7130":"综合性石油与天然气企业","LU2449327464.USD":"HSBC GIF GLOBAL INFRASTRUCTURE EQUITY \"AC\" (USD) ACC","BK4144":"石油与天然气的储存和运输","IE00B29SXK94.USD":"FIRST SENTIER GLOBAL LISTED INFRASTRUCTURE \"I\" (USD) ACC","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","ORG.AU":"ORIGIN ENERGY LTD","LU0251142724.SGD":"Fidelity America A-SGD"},"translate_title":"中石化液化天然气价格审查给原产地带来悬念——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LNG":1,"ORG.AU":0.9},"content_text":"2346 GMT - Sinopec's request for a price review with the APLNG gas-export project is likely to result in a lower contracted LNG price from Jan. 1 for at least the next five years, Jarden says in a research note on Origin Energy. \"While we leave our forecasts (which factor in a 5% cut in its oil-linked contract price) unchanged, we see potential for further downside risk (up to A$0.45/share) if there is no 'floor' in the price review process,\" says analyst Nik Burns. Jarden expects the market to take a conservative view on the outcome, and it could take six months to resolve if parties seek arbitration. Still, Origin has a tailwind from oil-price volatility due to Middle East unrest. Jarden keeps its price target unchanged at A$10.00/share, just below Origin's latest price of A$10.21. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 07, 2024 19:46 ET (23:46 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}