The Silver Linings in Nabors Industries Ltd.'s Earnings Signal Promising Times Ahead
Much like the rest of America, Nabors Industries wasn't a big fan of this past winter. The unusually cold weather brought oil and gas drilling in places like the Bakken to a screeching halt, which doesn't bode well for a company that makes its hay from selling rigs and drilling services to producers. However, even though many of Nabors' clients decided to hibernate this winter, there are some indicators that Nabors is set up for a very promising 2014.
Nabors' new Pace-X rig, the industry's new darling in onshore drilling technology, is driving much of the success of the company and in more ways than one. In the video below, find out how these new rigs used exclusively in America are impacting the company's other operations and how it could be a breakout year for Nabors.
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The article The Silver Linings in Nabors Industries Ltd.'s Earnings Signal Promising Times Ahead originally appeared on Fool.com.Tyler Crowe has no position in any stocks mentioned. You can follow him at Fool.com under the handle TMFDirtyBird, on Google+, or on Twitter @TylerCroweFool. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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