Source: NBR
Investment Thesis
Nabors Industries (NBR) released the second quarter of 2020 on July 28, 2020. The company delivered a year-over-year decline in earnings on falling revenues, which lagged expectations. Of course, it was widely expected after the devastating effects of the COVID-19 pandemic on the World economy and demand for oil.
I have recently published my views on the Helmerich & Payne (HP) second-quarter results on Seeking Alpha, and the two companies are showing the same existential struggle due to this dramatic situation.
The investment thesis is not an easy one