RE: FRIDAY CLUB18 May 2018 18:53
As I understand it, the gas project involves pretty big money, so Genel will need to borrow for that at some stage.
The stronger their balance sheet, the higher their equity valuation, the better, to put them in a strong negotiating position, 1/ re financial terms with funding sources, 2/ with a partner.
Buy-backs bring back unfortunate memories, which I suspect they may not want to revive.