Genesis Energy's new strategy: making Huntly great again

Old, but not out of puff quite yet - Huntly power station. (Image: BusinessDesk)

Fri, 01 Dec 2023

The way Genesis Energy tells it, the company suffers from two perennial problems that cause its share price to underperform its peers.One is that it doesn’t have a clear growth story.The other, more deeply entrenched problem, is what its new chief executive Malcolm Johns calls an “ESG discount”, where the market punishes the only electricity producer in the country that still uses coal to make power for doing so.So yesterday's day-long strategy presentation to the investment community at its Huntly power station site was a...

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