Genesis Energy is a diversified energy company with a mix of renewable and thermal assets.
Conditions remain favourable for narrow-moat Genesis Energy’s generation division, with high wholesale electricity prices allowing the firm to boost thermal power generation. The stronger oil price is also good news, given the firm owns 46% of the Kupe oil and gas field, though oil price hedging limits earnings upside in the near term. The firm appears to be tracking slightly ahead of our forecasts, which we’ll update following its half-year results in mid-February. We maintain our NZD 1.90 per ...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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