Multi-million dollar Kupe deal poses some risk for Genesis
Increasing its stake in the Kupe oil and gas field has benefits and drawbacks. With special feature audio.
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Genesis Energy’s [NZX: GNE] plan to buy the Kupe oil and gas field is a relatively good one but does have its risks, an analyst says.
The country's biggest electricity retailer announced yesterday it will buy NZ Oil & Gas' [NZX:NZO] stake in Kupe, 30km off the Taranaki coast for $171 million,
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Calida Smylie
Thu, 17 Nov 2016
Thu, 17 Nov 2016
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Multi-million dollar Kupe deal poses some risk for Genesis
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