Bought some shares of NBR at 20+, hoping to see stock going back to the 30s. 55-wk range: 14.75 - 46.81. Chart shows a rapid decline starting from Oct 1997. Has it bottomed?!
(http://quicken.excite.com/investments/charts/?symbol=NBR&period=1YEAR&othersymbols=&mavg=50&ImgSiz=450x250)
Current m-cap 2.218 billion. Analyst recommendation is around 1.6. Any opinions on long/short term of this stock and strategies?
Update January 2015:
NBR is floating around 12.50 or so, with the MiddleEast dumping all the
oil into the market they can to drive a lot of drillers out of business or to
make it too expensive to frack.
So where does this leave drillers such as NBR?
Will we see it under $8?
When will it rebound?
Do we chase a falling knife?
Do we average in and sit, waiting for a long-term (3+ year) gain? |
