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Nabors Industries, Inc. (NBR) [hlAlert]

Rating:
Neutral NBR

Nabors Industries, Inc. (NBR) rated Neutral by Susquehanna Financial

Posted on: Wednesday,  Mar 31, 2010  8:25 AM ET by Susquehanna Financial

Nabors Industries, Inc.
(NYSE: NBR) rated Neutral by Susquehanna Financial.

Nabors Industries Limited (Nabors) is a global land drilling contractor, approximately 528 actively marketed land drilling rigs. The Company conducts oil, gas and geothermal land drilling operations in the United States Lower 48 states, Alaska, Canada, South America, Mexico, the Caribbean, the Middle East, the Far East, Russia and Africa. Nabors is engaged in the land well-servicing and contracting in the United States and Canada. The Company market approximately 592 land workover and well-servicing rigs in the United States, primarily in the southwestern and western United States, and actively market approximately 171 land workover and well-servicing rigs in Canada. Nabors is a provider of offshore platform workover and drilling rigs, and actively markets 37 platform rigs, 13 jack-up units and three barge rigs in the United States and multiple international markets. The Company has a 51% ownership interest in a joint venture in Saudi Arabia.

Since its inception in 1987, the Susquehanna International Group of Companies (SIG)* has grown from a trading firm on the Philadelphia Stock Exchange to one of the largest privately held financial institutions in the world. With more than 1,500 employees worldwide, SIG sits at the helm of the latest trends and developments in trading and market making, institutional sales, research, private equity, venture capital, and investment banking. SIG has offices across North America, Europe, Asia, and Australia. SIG distinguishes itself through its global market presence, capital commitment, and its grasp of trading dynamics. It excels at decision theory and implementing sophisticated pricing probability models.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/31/2010 8:25 AM Hold
None
19.46
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   

(*) Stock Price at the time of the recommendation.
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