FT News Briefing Spyware maker NSO hopes for a comeback
Dec 12, 2022
Greenpeace is challenging the UK government's bid for new North Sea oil licenses, highlighting the clash between energy independence and environmental concerns. Meanwhile, U.S. investors are increasingly attracted to European oil companies, seeing them as undervalued compared to American stocks. In Israel, the politically tumultuous landscape may be a turning point for NSO Group, as it hopes a Netanyahu win could revitalize its controversial Pegasus spyware business amid global scrutiny.
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European Energy Stocks Attractive to US Investors
- U.S. investors are buying cheap European energy stocks.
- European stocks lag behind U.S. counterparts due to economic weakness, war exposure, and renewable energy investments.
Differing Investor Attitudes Towards Energy Stocks
- European investors show less interest in energy companies due to ESG concerns.
- Some U.S. investors view European companies' green initiatives favorably.
Impact of Investor Behavior on Energy Sector
- Investor behavior could influence oil companies' future decisions.
- Companies might prioritize core oil and gas over green energy investments based on investor rewards.