Source: NBR
Investment Thesis
Nabors Industries (NBR) is one of my selected onshore drillers with Helmerich & Payne (HP). While the oil sector has performed quite well since early 2019, conversely, the drilling industry is still weak and struggling with low margins and slow contracting, despite oil prices reaching a healthy level, as I speak.
The onshore and the offshore drilling industry are similar in the sense that they are the primary partners in the oil sector recovery, but these service companies haven't been able to translate activity to sufficient free