摘要: |
The WorkBoat Stock Index gave back most of October's 5% gain, losing 123 points, or almost 4%. For the month, losers topped winners 23-2. Among the big percentage losers was Houston-based drilling contractor Nabors Industries, which dipped over 20% in November, this despite having a strong third quarter. "Our operating performance in the third quarter was strong," Tony Petrello, chairman, president and CEO told analysts during the company's third quarter earnings call Oct. 27. All of our segments met or exceeded the outlook we gave a quarter ago. "On top of that, we completed several milestones across our strategic initiatives. Adjusted EBITDA in the third quarter reached $125 million. We maintained our execution at a high level while we grew the overall business. Our global average rig count for the third quarter increased by two rigs, excluding the impact of the sale of our Canadian drilling assets. This rig count growth was driven by an increase in U.S. drilling activity." |