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Stock impact report

Nine Energy Service: A Play On A Drilling Resurgence [Seeking Alpha]

Baker Hughes Company (BKR) 
Company Research Source: Seeking Alpha
Higher oil and gas prices should eventually result in increased drilling activity. NINE is highly leveraged to North American drilling activity, with projected FY28 net income of $16 million and only 14 million shares outstanding. While NINE is high risk, energy producers and suppliers like ET, HRST, SD, USOI, and PBR could also see significant upside. US LNG exports will surge in the coming years, requiring increased drilling. Denis Shevchuk/iStock via Getty Images Drilling activity for oil and gas has been in severe decline in North America since 2019. This can be seen in the Baker Hughes rig count. Baker Hughes has issued rig counts as a service to This article was written by Analyst's Disclosure: I/we have a beneficial long position in the shares of NINE, ENERGY TRANSFER (ET), HARVEST OIL & GAS (HRST), SANDRIDGE ENERGY (SD), UBS ETRACS CRUDE OIL SHARES COVERED CALL ETN (USOI), PETROBRAS (PBR) AND (PBR.A) either through stock ownership, options, or other derivatives. Show less Read more
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