Nabors: More Than Just A U.S. Driller - Immense Upside From SANAD IPO Potential And Debt Deleveraging

Industry Outlook - The U.S. drilling industry is experiencing a challenging near-term outlook with rig counts continuing to decline since the April tariff panic [1] - Market expectations indicate that conditions are likely to worsen further in 2026, presenting potential opportunities for contrarian investors [1] Investment Perspective - There is a belief in the importance of thorough research to identify undervalued assets and construct long-term investment portfolios [1]