Nabors Industries Ltd. (NBR): Is It On The Losing End Of This Trend?

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What a Fool believes
Nabors Industries Ltd. (NYSE:NBR) has been trying to weather a pretty bad storm for quite a while. Some of it is from less than perfect management decisions, and others are from the conditions in the oil and gas space that were out of their control. These next couple of quarters will probably not be much easier, as total rig use throughout the industry becomes less thanks to more efficient operations. The future of the company lies with its new PACE-X rig, which is one of the top-tier drilling rigs in the industry. The faster the company can get these top-end rigs on the market, the better off it will be.

The article Is Nabors on the Losing End of Industry Trends? originally appeared on Fool.com.

Fool contributor Tyler Crowe and The Motley Fool have no position in any of the stocks mentioned.

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