DKDRF - Why Investors Should Hold NewMed Energy
2024-07-16 00:31:05 ET
Summary
- NewMed Energy stock outperformed S&P 500 with over 10% total return last quarter.
- The credit rating agency downgraded the State of Israel to "A+" citing escalation with Hamas, but Fitch upgraded the rating for Leviathan Bond notes.
- Leviathan gas field partners are investing up to $500 million to expand capacity, potentially increasing cash flow and dividends.
In the last quarter since initiating coverage of NewMed Energy ( DKDRF ), the stock offered an over 10% total return to shareholders. This beat the S&P 500 ( SP500 ) return of below 7%. This performance may prove short-lived, since buying surged only last Friday....
Why Investors Should Hold NewMed Energy