Nabors Industries Part 2: Estimates And Relative Valuation
Our regression model suggests that NBR's revenue would increase sharply in NTM 2023 but may decelerate later. EBITDA estimates are...
Nabors Industries Part 1: Automation And ESG To Set The Next Stage
Nabors' US rig count can increase modestly in Q4, while it plans to deploy the entire high-spec rig fleet in...
Halliburton Part 2: Estimates And Relative Valuation
Our regression model suggests an increase in revenues in NTM 2023 and a deceleration in NTM 2024. EBITDA can increase...
Halliburton Part 1: HAL Rides On International Market Growth And A Cash Flow Recovery
Halliburton expects much of its upside potential to arise in the Middle East and some parts of Latin America in...
Schlumberger Part 2: Estimates And Relative Valuation
Our regression model suggests Schlumberger's revenue estimate is upward trending in NTM 2023 but may slow down considerably after that....
Schlumberger Part 1: International Activities And Clean Energy Will Chart The Way Forward
The international energy markets will be Schlumberger's primary short-term driver, driven by capacity expansion projects in the Middle East and...
Liberty Energy Part 2: Estimates And Relative Valuation
Our regression model suggests that Liberty's revenues will rise rapidly in NTM 2023 but can decelerate in NTM 2024. EBITDA...
Liberty Energy Part 1: Frac Fleet Addition, Dividend Reinstatement, Repurchase – Notwithstanding The Economic Uncertainty
After adding six more frac fleets, Liberty's frac fleet will remain unchanged in the near term. A tight balance between...
Baker Hughes Part 2: Estimates And Relative Valuation
Our regression model suggests a steadily increasing revenue trend in the next three years. EBITDA can decline in the NTM...
Baker Hughes Part 1: International Projects Hold Sway Over Economic Uncertainty
The upstream and oilfield services markets are reasonably strong, but the economy is "increasingly uncertain," observes Baker Hughes. The natural...
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