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.
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
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