MGW Malcy's view today2 Aug 2023 22:50
It sounds like a bit of a platitude but clearly we are all waiting for the pipeline to reopen which as we have said all along makes no sense to be closed, in the meantime Genel is benefitting from a streamlining or as the management say are ‘deep cuts’ to the business.
So, for the time being Genel should remain in the portfolio and despite the short term problems has sufficient long term attractions not to let the baby out with the bathwater…