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The outlook is grim for smaller oilfield services companies (NYSEARCA: OIH ) needing credit, as drilling work dries up and oil prices collapse and the coronavirus threatens to wreck global demand, Moody's analyst Sreedhar Kona says in a new report. More news on: VanEck Vectors Oil Servi...
Nabors Industries (NYSE: NBR ) says it will submit a proposal at a special general shareholders meeting to effect a reverse stock split . More news on: Nabors Industries Ltd., Energy stocks news, Read more ...
HAMILTON, Bermuda , March 18, 2020 /PRNewswire/ -- Nabors Industries Ltd. (NYSE: NBR) ("Nabors") today announced that its Board of Directors has approved a proposal, to be submitted to shareholders for approval at a special general meeting of shareholders anticipated to be held on April ...
Oilfield services and drilling companies working in North America hold ~$32B of debt due to mature in 2020-24, Moody's says in a new report. More news on: Transocean Ltd., Valaris plc, Nabors Industries Ltd., Energy stocks news, Stocks on the move, News on ETFs, Read more ...
NBR's Short-Term Drivers Are Not Strong Nabors Industries' ( NBR ) short-term prospect is peppered with the U.S. onshore weakness. The upstream company's budget cut did prompt many legacy rigs to be stacked, although the rate of stacking is expected to decelerate in Q1 2020. By the start o...
The S&P 500 energy sector ( XLE -10.7% ) is today's worst performer, bringing its week-to-date losses to 29% and year-to-date losses above 50%. More news on: Energy Select Sector SPDR ETF, Marathon Petroleum Corporation, Plains All American Pipeline, L.P., Energy stocks news, Stocks ...
Plunging oil prices and the economic impact of the coronavirus could prompt a potential wave of debt restructurings and bankruptcies , especially in the energy and services sectors, analysts say. More news on: Oasis Petroleum Inc., Chesapeake Energy Corporation, Whiting Petroleum Corporat...
Oil prices tumbled again today as they continue to bounce around following the collapse of an oil market support agreement between Russia and OPEC. WTI, the U.S. benchmark, fell nearly 5% by 3:15 p.m. EST on Wednesday, pressured in part by OPEC's forecast that oil demand won't grow this year be...
Energy stocks ( XLE -3.3% ) take their customary place at the bottom of the S&P 500 sector standings, with crude oil down another ~2% after Saudi Arabia unveiled plans to raise its production capacity by a further 1M bbl/day to 13M bbl/day. More news on: Energy Select Sector S...
All but two of the 50 worst performing bonds of the day came from the energy sector, Reuters reports, led by a 6.875% January 2020 Oasis Petroleum (NASDAQ: OAS ) bond that has lost roughly half its value since Friday and traded at less than $0.27 on the dollar. More news on: Oasis Petrol...
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Nabors Announces Second Quarter 2024 Results PR Newswire HAMILTON, Bermuda , July 23, 2024 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE: NBR) today reported second quarter 2024 operating revenues of $735 million , compared to ...
Nabors Prices $550 Million Senior Guaranteed Notes Offering PR Newswire HAMILTON, Bermuda , July 17, 2024 /PRNewswire/ -- Nabors Industries Ltd. (NYSE: NBR) ("Nabors") today announced that Nabors Industries, Inc. ("NII"), its indirect wholly-owned subsidiary, has...
2024-07-09 01:14:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...