Use access key #2 to skip to page content.
$36.05 0.96 (2.74%)
8/21/2008 4:01 PM

Nabors Industries Ltd. (NBR)

CAPS Rating:
****

A land drilling contractor which conducts oil, gas and geothermal land drilling operations in the U.S. Lower 48 states, Alaska, Canada, South and Central America, the Middle East, the Far East and Africa.

View All Commentary (NBR)

Recs

7

Avatar ajm101 (23.07) Submitted: 4/16/08 1:54 AM : Outperform Start Price: $35.70 NBR Score: 5.53

North American land drillers like Nabors are generally priced around 10 times earnings. I believe this is because of the conventional wisdom \that the US was tapped out and it was a declining business. However, the unexpected success of companies exploiting shales is spurring a lot of difficult horizontal drilling. This should lead to better earnings and multiple expansion.

Report this Post Replies: 0 | Reply

Featured Broker Partners