A: Thanks for the question.

Given that Origin was forced by the market into a capital raising, and is now in debt repayment mode (meaning very limited capital expenditure), you could make a case that Origin is almost like a call option on the oil price.

I don’t like the look of the oil market and hence, Origin is not really on my shopping list at the moment.

However, if you can wear the pain, my guess is that these current levels will, over the next 5 years, prove to be good value.

As far as the brokers are concerned, according to FN Arena, they are marginally bullish with 3 buys, 2 neutrals and 1 sell. The consensus target price is $6.69.

Hope this helps.