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.