Origin Energy holds up as oil prices fall, Kraken worth 15% of value
Origin Energy heads into Wednesday up for two straight sessions, outpacing a softer market and crude prices. By one simple ownership measure, its stake in Kraken, an energy software group, is about 15% of Origin’s A$18.6 billion value. That gives the stock some exposure beyond just LNG. Origin wrapped up Tuesday at A$10.80, gaining 0.47% since Friday’s close. The S&P/ASX 200 shed 0.47% in that stretch, putting Origin 0.94 percentage point ahead. Woodside Energy dropped 1.31%. Santos ticked up 0.14%. The ASX sat in pre-open; regular trading was set to kick off just before 10 a.m.