close
MENU
Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Investment
2 mins to read

Genesis gas field stake now worthless, say analysts

It would be better to sell the 46% Kupe stake for nothing than keep it, says Forbar report.

The Kupe onshore gas production facility.

Tim Hunter Tue, 11 Apr 2023

Analysts at Forsyth Barr say power company Genesis Energy would be better off giving away its 46% stake in the Kupe gas field than continuing to own and invest in the asset.

Genesis in February confirmed it would invest a further $75 million to develop another well at Kupe, saying the extra gas

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Tim Hunter Tue, 11 Apr 2023
Contact the Writer: thunter@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Company profile
Powered by: nzx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Genesis gas field stake now worthless, say analysts
Investment,
98582
true