Genesis Energy's new strategy: making Huntly great again

Genesis Energy's new strategy: making Huntly great again
Old, but not out of puff quite yet - Huntly power station. (Image: BusinessDesk)
Pattrick Smellie
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...

More Markets

Tower cuts the flood risk in its portfolio
Markets

Tower cuts the flood risk in its portfolio

Tower's growth in policies was largely in the house and contents market.

Entain makes play at one of SkyCity’s revenue streams
Markets

Entain makes play at one of SkyCity’s revenue streams

Entain and TAB NZ want exclusive rights to 'virtual sports'.

NZ sharemarket starts week down 0.2%
Markets Market Close

NZ sharemarket starts week down 0.2%

The S&P/NZX 50 Index closed at 12,876.35, down 25.84 points or 0.2%.

Graham Skellern 10 Feb 2025