The past couple years have not been kind to Nabors Industries (NYSE: NBR ) . Over the course of 2013, the company only saw a total return of 15%, which was just over half of the total return for the S&P 500 over that time period. After its incredibly impressive results this quarter, though, perhaps its prospects are about to turn around. Not only was the company able to more than quadruple its net income, but the gains it saw were a clear indication that the company's strategy to move older drilling rigs overseas and introduce new rigs to the U.S. market really paid off.
To find out why this move was so important to the company's success, and whether Nabors can continue to post gains like this throughout 2014, tune into the video below.
What will be 2014's version of Core Labs?
The Motley Fool's chief investment officer really nailed his 2013 top stock pick with oil services company Core Labs, which shot up a spectacular 75% this year alone! Now, he has selected his No. 1 stock for 2014, and it's one of those stocks that has the potential for a great year ahead. You can find out which stock it is in the special report: "The Motley Fool's Top Stock for 2014." Simply click here and we'll give you free access to the name of this