Liberty Energy Managing Sector Challenges With Diversification

2025-06-25 19:38:32 ET

Liberty Energy ( LBRT ), is notable not just as a US onshore fracking and oilfield services company, but as the company in which the new US Secretary of Energy Chris Wright was formerly the CEO. Liberty is dragged down by rough sector fundamentals, particularly for oil drilling. Despite the uncertainty around the Israel-Iran (and Ukraine-Russia) conflicts, there's simply more oil supply than demand, and thus less appetite for drilling. For example, Israel and Iran appear at the moment to be upholding a just-negotiated ceasefire, and US President Donald Trump has suggested lifting some sanctions on Iran’s 1.7 million BPD of oil exports, most of which go to China....

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