Nothing too exciting about Newport - it is a an early stage E&P company and a royalty company. The company's stock price took a big hit because one of its main royalties (Beach) just announced a big reduction in reserves. As a result it expects production to come in below FY21 and FY22 guidance.
This is a speculative play with lots of speculative assets. It pays a nice dividend, but I would consider that dividend at risk of being cut given the recent announcement by Beach.
Not one that I would consider a long-term investment. More of a speculative play for the high-risk investor.
Mat