What is Nabors dong about debt and cash flow?
Nabors Industries (NBR) provides drilling and drilling-related services for land-based and offshore oil and natural gas wells across the world. In a recent update, Nabors' management confirmed its pursuit of net debt reduction policy to clean up a leveraged balance sheet, reducing future capex spend, and cut the quarterly dividend. Its management has continued to show confidence in the company's ability to improve margin in the U.S. onshore. However, NBR needs to improve its cash flows to meet its debt obligations starting 2020. In