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Nabors Industries Ltd. Message Board

  • tbroyse tbroyse Feb 27, 2013 11:33 AM Flag

    Reason for sell-off?

    From reading the CC transcript all I can come up with is the notion that they are not planning a buyback or dividend at this time. I suppose when Paploma came out and said they are going to meet with management about ways to unlock shareholder value people got excited then deflated once they read the transcript. However, as Patrello said, they have not been shy to buyback $1.5 billion in the past in good times so people need to understand the headwinds in the sector and use some common sense. Still a good company and trading for a good valuation, IMO. Rebuttles welcome.

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