Harbour Energy to Sell Stakes in the North Sea Before Tax Hikes
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 29 2024
0mins
Source: NASDAQ.COM
Harbour Energy's Strategic Shift: Harbour Energy plc is selling its stakes in several North Sea fields to reduce exposure to increased taxes on oil and gas, while also diversifying its portfolio through a recent acquisition of Wintershall Dea’s assets outside Russia.
International Growth Plans: The company is considering a U.S. listing and relocating its headquarters to enhance global presence and mitigate challenges from new U.K. taxation policies, aiming for better investment opportunities.
Analyst Views on NINE
About NINE
Nine Energy Service, Inc. is an oilfield services company that offers completion solutions within North America and abroad. The Company partners with its exploration and production (E&P) customers to design and deploy downhole solutions and technology to prepare horizontal, multistage wells for production. The Company provides its comprehensive completion solutions across a diverse set of well-types, including on the complex, technically demanding unconventional wells. It offers a variety of completion applications and technologies to match customer needs across the broadest addressable completions market. Its comprehensive well solutions range from cementing the well at the initial stages of completion, preparing the well for stimulation, isolating all the stages of an extended reach lateral, and the drilling out of isolation tools. The Company provides services integral to the completion of unconventional wells through a range of tools and methodologies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
