Australia’s top 25 upstream independents enjoyed a modest 1% increase in combined market capitalisation during the fourth quarter of 2012, according to Deloitte’s latest Upstream Independents League Table.
Mike Lynn, Deloitte’s National Oil & Gas Leader , said the result was in line with the generally stable oil prices and exchange rates experienced throughout 2012.
“The combined value of the top four upstream independents rose by almost 3% over the year with Woodside seeing its market capitalisation recover by 13.2% off the back of LNG production starting at Pluto approximately five years after development approval was initially given.”
“Origin Energy also managed to claw back value over the December 2012 quarter. However, by the end of December 2012, it was still trading 12% below its market capitalisation in December 2011,” Mr Lynn said.
Notable December 2012 quarterly movements included the following:
Moving into the top 25:
Falling out of the top 25:
Biggest movers (on absolute terms):
[mappress] LNG World News Staff, February 06, 2013