Petrolia SE (PSE.OL)
Petrolia SE operates in the Oil & Gas Equipment & Services industry of the Energy sector, headquartered in Limassol, LI, CY. The stock last traded at $6.10, up 0.83% on the session, giving a market capitalisation of $360.1M. Its beta of -0.34 implies it has historically moved less than the broad market.
Petrolia SE functions as a provider of rental equipment for the oil sector, extending its operations across Norway, the broader European continent, Asia, Australia, and various international markets. The company's activities are structured into two principal divisions: Exploration & Production and Oil Service. It is involved in both the sale and leasing of drilling machinery, along with providing land rigs for rent. Its inventory of rented drilling tools encompasses drill pipes, test strings, tubing, as well as casing, handling, and auxiliary equipment. Furthermore, Petrolia SE delivers essential services including equipment inspection, upkeep, casing and tubing running, drilling operations, and make and break services. Its customer base primarily consists of oil companies, drilling contractors, and other firms in the oil service industry. Founded in 1997 and headquartered in Limassol, Cyprus, the company adopted the name Petrolia SE in January 2013, having previously operated as Petrolia E&P Holdings SE.
Petrolia SE is most often compared with the following Energy names: