Nabors Drilling

NBR closed up 1.8 percent on Friday, March 23, 2018, on approximately normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline.

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ZzqdU0ce

Next target area, 8.60 - 8.80

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of everything i'm holding right now, it's the only thing that's not tanking

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Majority of analysts think this one is overweight.

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Morgan Stanley reiterated its call for US$75 Brent in the third quarter, noting that much of the global inventory cushion is gone, leaving oil markets more susceptible to geopolitical risk.

SENTIMENT
BULLISH
  • Net longs rose again this week, indicating much bullishness among traders.
  • Oil prices are now on the verge of breaking out to multi-year highs, with Brent finally managing to climb above US$70 a barrel.

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20 hours ago, cryptocurator said:

of everything i'm holding right now, it's the only thing that's not tanking

still true? today is pretty bad ... 

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Looks ok rite now. If you read the Oppenheimer report, a lot of funds taking positions here. I feel like were in good company. This is a 1-3 year hold for me. But I will look for opportunities to trade it on the way up.

Holder Shares Report Date % of Total 
Assets Managed
% of Shares 
Outstanding
Market Value($1000)
BlackRock Inc.   Premium Plus 27,830,232 2017-12-31 0.01% 8.75% 190,080
FMR LLC   Premium Plus 26,007,647 2017-12-31 0.02% 8.18% 177,632
VANGUARD GROUP INC   Premium Plus 25,039,824 2017-12-31 0.01% 7.88% 171,022
DIMENSIONAL FUND ADVISORS LP   Premium Plus 24,769,339 2017-12-31 0.07% 7.79% 169,174
MORGAN STANLEY   Premium Plus 20,257,341 2017-12-31 0.04% 6.37% 138,359
VAN ECK ASSOCIATES CORP   Premium Plus 16,409,182 2017-12-31 0.55% 5.16% 112,075
STATE STREET CORP   Premium Plus 10,590,686 2017-12-31 0.01% 3.33% 72,340
Leon Cooperman Premium 6,701,414 2017-12-31 1.71% 2.11% 45,771
THUNDERBIRD PARTNERS LLP   Premium Plus 5,449,373 2017-12-31 4.61% 1.71% 37,219
Bank of New York Mellon Corp   Premium Plus 5,164,967 2017-12-31 0.01% 1.62% 35,277
Citadel Advisors LLC   Premium Plus 5,105,690 2017-12-31 0.02% 1.61% 34,872
VICTORY CAPITAL MANAGEMENT INC   Premium Plus 4,723,162 2017-12-31 0.07% 1.49% 32,259
PRUDENTIAL FINANCIAL INC   Premium Plus 4,188,391 2017-12-31 0.04% 1.32% 28,606
KEY GROUP HOLDINGS (CAYMAN), LTD.   Premium Plus 3,500,000 2017-12-31 0.01% 1.1% 158
Steven Cohen Premium 3,235,110 2017-12-31 0.10% 1.02% 22,096
Lonestar Capital Management LLC   Premium Plus 2,955,000 2017-12-31 9.24% 0.93% 20,183
NORTHERN TRUST CORP   Premium Plus 2,816,520 2017-12-31 0.01% 0.89% 19,238
GEODE CAPITAL MANAGEMENT, LLC   Premium Plus 2,788,865 2017-12-31 0.01% 0.88% 19,047
WEDGE CAPITAL MANAGEMENT L L P/NC   Premium Plus 2,586,131 2017-12-31 0.16% 0.81% 17,663
CREDIT SUISSE AG/   Premium Plus 2,583,442 2017-12-31 0.02% 0.82% 17,644

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yeah, I was just letting the trade war panic market get to me. All is well. I think I'll hold this one, too, for a while. 

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Nabors Industries reported an increased rig fleet in U.S. land drilling for 2017 with increasing margins, and expects the rig market to continue to improve in the coming quarters. Nabors bought last year Norway-based Robotic Drilling Systems AS, a provider of automated tubular and tool handling equipment.

“The robotics and rotary steerable operations are still in the product development stages but are expected to see improving results in 2018 as they enter the commercialization phase of their principal products,” Nabors said at the end of February.

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