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Differing valuations underscore Genesis keeping Kupe

CEO says oil and gas field’s future production was the key market test.

Reweti Kohere Tue, 20 Jul 2021

Genesis Energy is better off keeping two hands on a minority stake in the Kupe oil and gas field than selling it under recent offers undervaluing the asset’s future production, the powerco’s chief executive has said.

The listed generator-retailer on Tuesday said it would continue to own 46%

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Reweti Kohere Tue, 20 Jul 2021
Contact the Writer: reweti@nbr.co.nz
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Differing valuations underscore Genesis keeping Kupe
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