Encompass Capital Advisors LLC Bolsters Stake in New Fortress Energy Inc

Overview of the Recent Transaction On October 1, 2024, Encompuss Capital Advisors LLC (Trades, Portfolio) made a significant addition to its investment portfolio by acquiring 8,659,236 shares of New Fortress Energy Inc (NFE, Financial). This transaction increased the firm's total holdings in NFE to 13,456,544 shares, marking a substantial commitment to the energy sector. The shares were purchased at a price of $9.68 per share, reflecting a strategic move by the firm to capitalize on potential market opportu ...