With Nabors Industries (NYSE:NBR) due to release earnings this week, there are certainly going to be lots of discussions about its recent decision to sell off its Alaskan oil serivces division. For investors, though, there are other pressing questions that need to be answered. How has the company performed with the rest of its oil services divisions? Has it been able to bring on a few more of its new Pace-X rigs? And what on Earth is it going to do with those legacy assets?
There is still plenty of opportunity for Nabors both domestically and abroad. Halliburton (NYSE:HAL) estimates that only 50% of wells drilled today have made the switch to pad-capable rigs. Also, many companies such as Chevron (NYSE:CVX) are about to start some very large shale oil and gas fields overseas. Find out why these moves are so important for Nabors by tuning in to the following video.
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