The rude awakening for LNG is here with Origin now down 13%:
And announcing big jobs cuts, from The Australian:
Origin Energy has flagged 800 job cuts, mainly in Brisbane and Melbourne, this financial year after it swung to an annual loss, squeezed by lower oil prices and impairment charges even as it plans to further clamp down on costs and spending.
And we haven’t even gotten to the main game of APLNG write downs and equity raisings yet!
- Bill Evans: “Substantial falls ahead for house prices” - August 14, 2020
- Andrews is a disaster but Morrison is a catastrophe - August 10, 2020
- US jobs preview - August 7, 2020