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Stock Market & Financial Investment News

News Breaks
February 19, 2014
10:32 EDTNBRNabors Industries breaks out following earnings, levels to watch
The shares are up over 10.4% to $20.60 at time of writing. This move above $20 following earnings breaks the top of a trading range that had been in place for more than a year. Typically a break above long-held resistance leads to a sustained move higher over time. At current price, next resistance is at $21.10. Support is at $20.03.
News For NBR From The Last 14 Days
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July 27, 2015
06:20 EDTNBRU.S. oil firms preparing for extended job cuts, WSJ reports
U.S. energy companies intend to cut more jobs, sell more assets, and engage in more financial maneuvers to deal with the recent drop in U.S. crude-oil prices to below $50 a barrel, the Wall Street Journal reports. Companies have started to warn that more layoffs will come, particularly Halliburton (HAL) and Baker Hughes (BHI), who disclosed last week that they had cut 27,000 jobs between them, the report says. Job cuts for the industry are beginning to extend to engineers and scientists, the report adds. Publicly traded companies in oil industry include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Other publicly traded companies in the space include Baker Hughes (BHI), Diamond Offshore (DO), Halliburton (HAL), Nabors Industries (NBR), Noble Corp. (NE), Rowan Companies (RDC), Schlumberger (SLB), Transocean (RIG) and Weatherford (WFT). Reference Link

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