National Energy Services Reunited: Capturing Growth In The Middle East

Ron Ferrie 3.92K Followers Follow Summary National Energy Services Reunited is focused on oilfield services in the Middle East and North Africa, with a core presence in Saudi Arabia. NESR reported record Q2 revenue, up over 25% sequentially and nearly 60% year-over-year, driven by activity in Saudi Arabia's Jafurah gas field. The company secured a multi-billion, five-year hydraulic fracturing contract in Jafurah, underpinning robust near- and medium-term earnings visibility. I initiate NESR with a 'Buy' rating, supported by regional diversification, resilient oil prices, and the launch of its first dividend program. Cristian Martin/iStock Editorial via Getty Images Thesis National Energy Services Reunited ( NESR ) is an oil field services company that focuses exclusively on serving countries in the Middle East and Northern Africa. At first blush, investors may believe this company is at This article was written by Ron Ferrie 3.92K Followers Follow I am a Licensed Professional Engineer who works in the Nuclear Power industry. I use my professional working knowledge of the power/energy industries to aid in evaluating potential equities worthy of long-term investment. I invest in income producing equities and rental real estate properties for cash flow and long-term appreciation. My articles are to serve as a platform for presenting the underlying fundamentals and long-term potential of each equity/business. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.