- Despite the US rig count and crude oil price recovery, NBR's US operations have not shown much improvement in 2021.
- The company's joint venture in Saudi Arabia may add 50 more rigs in 10 years and can generate $50 million in annual EBITDA.
- It will actively look to diversify into carbon reduction operations to reduce reliance on the drilling business in the long term.
- Although it has no short-term debt repayment, the balance sheet is leveraged with a huge long-term debt load.
For further details see:
Nabors Industries: International Drilling Activity To The Rescue