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Gold/Mining/Energy : Nabors Industries(NBR) -- Ignore unavailable to you. Want to Upgrade?

To: William Peavey who wrote (129)1/16/1999 6:02:00 AM
From: TheSlowLane  Read Replies (1) | Respond to of 174
 
I heard about this on the Yahoo! thread, but the couple of posts that mentioned it didn't include any more detail (like the name of the manager, for example). There seems to be a fairly broad consensus that oil services and drillers, and Nabors in particular, are at or near their bottom and that recovery among the strongest players in the group is just a matter of time. I've heard that NBR has a strong hand and can ride out these times - and will be very well positioned when oil makes a comeback. A money manager I know said that NBR has been known to make opportunistic acquisitions in the past and I think this deal with PESC was the latest example of that. I got into NBR at around 25, right before the bottom fell out, but bought more at 14.50 quite recently. Looks like it could be a year or so before we are back in good shape, but that can work well from a cap. gains perspective if I wish to exit at that time...



To: William Peavey who wrote (129)1/16/1999 5:21:00 PM
From: Mike Perras  Read Replies (1) | Respond to of 174
 
Hi Bill:

I only caught part of that as well. I understood he had two stocks to recommend, one NBR & I had to leave .. did you catch the other?

I used to record CNBC only so I could refer back .. some of their guests leave great info, especially good to review 3 days later when no one cares & you've had a chance to do your own DD.

I can't get CNNfi are they any good? I only hear about CNBC, sounds like they have no serious TV competition.

Mike



To: William Peavey who wrote (129)1/16/1999 7:02:00 PM
From: Craig Jacobs  Respond to of 174
 
the CNBC hype is how I learned of this stock,
the discussion pointed to the eventual rise in gas prices as a result of depleting reserves.

Aparantly Nabors is positioning themselves to capatilize on rising gas prices.

I hold FLC (rb falcon) offshore drilling and I think NABORS would compliment very well.


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