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Stock Market & Financial Investment News

News Breaks
January 23, 2013
15:07 EDTNBRCorrection: Pamplona Capital reports 9.3% stake in Nabors Industries
Pamplona Capital has become increasingly concerned about the underperformance of the common stock relative to its peer group and the market, Nabors' problems experienced with achieving various aspects of its strategic plan and its declining market share. Pamplona has substantial experience in Nabors' lines of business and has had constructive discussions with its management. Pamplona believes it has valuable insights to contribute to the development of the business and intends to have further discussions with management, the Board of Directors of Nabors, other shareholders and other relevant parties relating to Nabors' business, operations, strategy, future plans, corporate governance and related matters.
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July 22, 2014
17:38 EDTNBRNabors Industries optimistic about the growth prospects for venture
Company concluded, "It is becoming increasingly apparent that virtually every element of our business is experiencing improving fundamentals manifested through improving utilization and pricing. Construction of the numerous new rigs we have in progress remains on track and within budget. The contribution of these deployments combined with a favorable pricing environment across every market and the incremental demand for new rigs globally yield a high degree of growth visibility for the foreseeable future. We are particularly optimistic about the growth prospects for our venture with C&J in the Completion & Production Services business."
17:36 EDTNBRNabors Industries reports Q2 EPS with items 21c, consensus 23c
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