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7 pts

Opinion on  Nabors Industries Ltd (NBR)     Sector: Energy  >  Industry: Oil Well Services & Equipment
Nabors (NBR) is still holding it's own.

Apr 13, 2007 05:23 AM UTC
Warren_buffett
Return Risk
-24.81% LOW
Associate

Fundamental Analysis  

Even with the preannoucements of an earnings shortfall, surprisingly Nabors (NBR) is still up around $31 and change. One reason is people are starting to get on natural gas. Just look at CHESAPEAKE...





Update 06/13:

After buying ConocoPhillips (COP) at around $60 back in Sept 06 based on piggybacking on Warren Buffett's picks, it's time to lock in some profits which I did today at $78. It's still a great long term stock with a good dividend but having 2 other stocks in my portfolio, PetroChina (PTR) and Nabors (NBR), I don't want to be too leveraged in the energy sector.

Thank you Mr. Buffett!





NBR:  This call was made on 04/13/07 @ $31.72
Rating:   Neutral/Hold   $31.72 (04/13/07)
Closed:   09/05/2007 @ $29.95 (-5.58% in 145 days)


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retirerichblog previously rated NBR
Positive +15.03% Bullish Comments on Nabors
09/05/2007
6
Positive +6.26% Bullish on NBR ...
03/08/2007
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