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Genesis Energy: Holding Up Well in 2022

6 September 2022

Genesis shares have held flat for the year, after their slide late last year as investors worried about the times of record low-interest rate environment would be over. Despite rates heading upwards aggressively this year, Genesis has held its value better as risk adverse investors appreciate its dependable dividend in-light of economic uncertainty. As seen below Genesis is fairly priced in our opinion at current levels as it offers an attractive dividend, while any levels below $2.60 would be considered oversold and tend to bounce back from that, and on the flipside above $3.25 can be viewed as an overbought level pushed by record low-interest rates (which pushes up asset prices higher, especially yield stocks) which was not permanent.

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