Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Charles H. Waldron who wrote (30718)	10/14/1998 11:01:00 PM
From: Aggie	Read Replies (1) of 95453

Charles, hello. Nabors has a large land drilling fleet and a few offshore rigs. They are a strong drilling contractor in the land-based worldwide sector, I have used them many times and have been impressed with their professionalism. Their management is pretty shrewd. As with all land drillers, they are suffering mightily right now. During the boom, they poured a lot of money back into the company via rig purchases and upgrades, so they are in good position from an operational standpoint. During the last slowdown they were better than most at keeping their core staff. As for the fundamentals, I have not explored Nabors Industries. I lost interest in the company as an investment target about a year ago. Keep us posted! Good Luck, Aggie

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