Integrated producer and retailer Origin Energy Ltd [ASX:ORG], who has oil and gas producing assets in Queensland – will be exposed. At the time of writing Origin Energy's share price is trading 0.28% lower, to $7.17 a share.
This morning, the ASX market wiped as much as $22 billion off of its value, as nervous traders shied away from global market slumps. Currently, the S&P/ASX200 index is down 1.21% or 74.9 points to 6120.30.
After climbing off the canvas in January, shares of Origin Energy [ASX:ORG] rocketed from a low of $3.44 to hit $5.50 by the middle of March — a 60% move in only two months. Mind you, having fallen from a 2015 high of $11.60, long term Origin shareholders have had little to cheer about.