Nabors Industries CFO William Restrepo Participates In J.P. Morgan Energy, Power & Renewables Conference; Confirms Strong Activity And Financial Results In International And U.S. Drilling Segments; Highlights Positive Outlook For Drilling Solutions And Maintains 2024 Capital Expenditures Estimate Of $590M
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Nabors Industries CFO William Restrepo participated in the J.P. Morgan Energy, Power & Renewables Conference, confirming strong activity and financial results in both international and U.S. drilling segments. He highlighted a positive outlook for drilling solutions and maintained the 2024 capital expenditures estimate at $590 million.
June 20, 2024 | 8:16 pm
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Nabors Industries CFO William Restrepo confirmed strong activity and financial results in both international and U.S. drilling segments at the J.P. Morgan Energy, Power & Renewables Conference. The company maintains a positive outlook for drilling solutions and has kept its 2024 capital expenditures estimate at $590 million.
The confirmation of strong activity and financial results, along with a positive outlook for drilling solutions, is likely to boost investor confidence in Nabors Industries. Maintaining the 2024 capital expenditures estimate at $590 million indicates stability and planned growth, which is positive for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100