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National Energy Services Reunited: A Great Stock Despite The Weak Outlook Of The Oil Market

Source: SeekingAlpha

2025-10-02 17:48:53 ET

The price of oil has plunged near its 4-year lows lately due to a weak outlook of the oil market. After maintaining deep production cuts in recent years, OPEC changed its strategy drastically in April and has begun to ramp-up its production aggressively. Consequently, there is a material surplus of oil in the global oil market, which is likely to increase further in the upcoming months. The resultant plunge of the price of oil is a strong headwind for most oil companies, including oil producers and most providers of oilfield services and technology....

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National Energy Services Reunited: A Great Stock Despite The Weak Outlook Of The Oil Market
National Energy Services Reunited Corp

NASDAQ: NESR

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$2,076,021,835
50,912,924
N/A
35
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Fossil Fuels
Energy
US
Houston

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