Nabors rating will be reviewed by Moody’s Investors

Responding the Nabors’ offering worth $750M, Moody’s investors had it reviewed. It is also said that it placed its “A3″ senior unsecured rating for Nabors Industries Ltd. under review for a possible downgrade after the oil and gas driller announced a senior notes offering. The Bermuda-based company said Thursday one of its subsidiaries, Nabors Industries Inc., priced a $750... 

Nabors Industries Ltd offered 750M

Nabors Industries Ltd, an oil and gas driller company, published a report saying that one of its subsidiaries has priced a $750 million, 10-year offering. The offering of senior notes by Nabors Industries Inc, due 2018. It is also reported that it will have a 6.15 percent interest rate. The company said that The offering is an additional issuance of the same notes that were issued in February 2008,... 

Nabors offers $750M

Nabors Industries Ltd, An Oil and gas driller, announced that one of its subsidiaries has priced a $750 million, 10-year offering. The company said that Nabors Industries Inc.’s offering of senior notes, due 2018, will have a 6.15 percent interest rate. The offering is an additional issuance of the same notes that were issued in February 2008, and will have the same rates, terms and conditions. In... 

Goldman Upgrades Oilfield Services

Goldman Sachs upgraded the oilfield services sector to “Attractive” from “Neutral,” predicting strong profit growth due to greater drilling activity and high oil prices. Analyst Charles Minervino expects earnings to grow in the double digits through 2011 as high oil prices lead to more rapid rig construction, and both drilling activity and the rates oil companies pay for drilling... 

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Lehman Raises Oil Services Price Targets

A Lehman Brothers analyst raised his price targets on 37 companies in the oil services and drilling sector, seeing a strong recovery in 2008 and 2009 for North American natural gas drilling along with significant international growth over the next few years. Analyst James Crandell’s top picks in the sector are Weatherford International Ltd., Halliburton Co., Schlumberger Ltd., Tidewater Inc.,...