Nabors Sees Q3 2024 Capital Expenditures $190M-$200M With $80M-$85M For Newbuilds In Saudi Arabia
Portfolio Pulse from Benzinga Newsdesk
Nabors Industries Ltd. (NBR) projects its Q3 2024 capital expenditures to be between $190 million and $200 million, with $80 million to $85 million allocated for newbuilds in Saudi Arabia.
July 23, 2024 | 8:14 pm
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Nabors Industries Ltd. (NBR) projects its Q3 2024 capital expenditures to be between $190 million and $200 million, with $80 million to $85 million allocated for newbuilds in Saudi Arabia.
The significant capital expenditure, particularly the investment in newbuilds in Saudi Arabia, indicates potential growth and expansion for Nabors Industries. This could positively impact the company's stock price in the short term.
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