Nine Energy
NINE
position
long
Ray Kennedy, Hotchkis & Wiley
Thesis
Nine Energy specializes in making disposable plugs used in horizontal drilling, which is a critical component in the energy sector, although there are concerns about regulatory changes under a potential Biden administration.
Did it work?
inconclusive
confidence: low
Without specific price performance data or a clear timeline for the thesis events to unfold, it's difficult to assess whether the investment thesis has played out. The concerns about regulatory changes could still be relevant, but without further information, the outcome remains uncertain.
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