Massive Momentum: Can Nabors Industries Extend Its 118% Rally?

Key Takeaways Nabors' shares surged 118% in six months on debt cuts and Lower 48 rig momentum.Nabors Industries cut net debt by $554M to its lowest since 2005 via asset sales and refinancing.NBR faces revenue and EBITDA declines, SANAD cash burn and Lower 48 margin pressure.Nabors Industries Ltd. (NBR) is a leading land-based drilling contractor that makes money by providing advanced drilling rigs, rig-related services, performance software, automation technologies and directional drilling solutions to oil ...