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Nabors is the driller next door, and nearly everywhere in the world

 May 22, 2008 05:44 PM UTC
Return Risk
-33.59% LOW
Tracked Blogger
Symbol Sentiment Start Return Closed
NBR Positive 05/22/08 -69.11% --

Graphic_arrow1 Via BloggingStocks:  

Filed under: Stocks to Buy

Readers of this space know that one of the preferred sectors is oil/oil services. Given oil's importance in a growing global economy, oil and oil services companies are likely to continue to experience steady demand for their services/products. And with the above in mind, Nabors Industries is worth a review.

Nabors Industries Ltd. (NYSE: NBR) is the world's largest land-drilling contractor, engaging in oil, gas, and geothermal land drilling operations in the U.S., South/Central America, the Middle East, and Africa.

Analysts like NBR's increasing dayrates for U.S. land drilling rigs, which rose $1,056 per day to $21,135 in Q1 2008.

Continue reading Nabors is the driller next door, and nearly everywhere in the world

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