AI GEL Forecast


Price Forecast:


Bearish<->Bullish


Bullish Case: GEL could potentially benefit from improved soda ash pricing due to global demand increases. Upcoming offshore projects may exceed revenue expectations, leading to a price rebound into the $15-$18 range within the next six months.


Bearish Case: Market volatility remains high while GEL's current price stagnates. Continued weak soda ash prices or disappointing earnings may drive GEL below $12, resulting in further downside risk.


Potential Outcomes:

1) Strong soda ash demand, 30% chance.

2) Offshore pipeline revenues exceed $500M, 70% chance.

3) Market volatility heightens, leading to price declines, 50% chance.


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August 15, 2024


Genesis Energy Forecast

GEL      Genesis Energy











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