Did anybody get paid div for the nbr preferred yet. should be paid today, May 3rd.
Y
Nabors Industries is up 13.08% to 122.30
S
Why isn't NBR-PA trading today??
e
Why would not they simply issue 3m shares at $150 and lighten up another $450m debt in a jiffy .. improving free cash flow to pay the remaining debt . ?
P
I still have a NBR option and now says I have warrants??? Not even sure what I should do with this
r
The warrant is working, the shorts will help us bump it more a little
v
going to go up.big time
K
After conversion, we will experience a 6% decline in value. Fair?
R
Can anyone explain the math for this: The preferred shares are mandatorily convertible on 5/1/2021 into a variable number of Nabors Industries Ltd. (NYSE: NBR) common shares based on the then current price of the common shares for 20 consecutive trading days immediately prior to the conversion date. The conversion settlement rate will be 5.3763 shares per unit if the then current market price is equal to or greater than $9.30 and 6.4516 shares per unit if the market price is equal to or less than $7.75.
F
Summer should see even more oil demand as world wide as travel increases. Oil prices should remain consistent and strong. Nbr common goes back to $120-$150 IMO
K
3/31/21 10-Q looks positive, less in losses and decreased debt from 12/31/20.
R
To Convert, or DUMP and run!
I cannot seem to get a response to the math conversion coming up on May 1st, but "IF" the conversion is going to be 0.1372 of common shares for each preferred share being converted, today I see the following (as an example):
1000 preferred shares value currently is $12,850 0.1372 x 1000 = 137.2 of common shares Common share price $89.51 x 137.2 = $12,280.77 Difference is a (-569.23) loss over the preferred shares value
Yes, there is supposedly a dividend coming on May 1st, but even then, should the above example be a dump and run now, or hang in there for a future potential increase in common shares without a dividend?
What do you think? Also, please correct me if my math is not accurate in the example above.
Thanks, Robert
A
Do you believe me now?
K
This is the language on p.26 of S-3 filed 2/5/21: "The conversion rate, which is the number of common shares issuable upon conversion of each Series A Preferred Share on the applicable conversion date (excluding common shares, if any, issued in respect of accumulated and unpaid dividends), will, subject to customary conversion rate adjustments, be as follows: • if the applicable market value (as defined below) of our common shares is greater than $9.30 (the “threshold appreciation price”) then the conversion rate will be 5.3763 of our common shares per Series A Preferred Share (the “minimum conversion rate”), which is approximately equal to $50, divided by the threshold appreciation price;"
K
Anyone know what the Bloomberg VWAP is (volume-weighted average price)? This is what the "applicable market value" refers to.
A
I just got my pa divy and converted my shares to common. Good job Schwab !
T
BOYS....THIS COMPANY IS IN THE SAME LEAGUE AS AMC.....THE BUSH LEAGUE !!!! NOT LIKELY TO SURVIVE NEXT DOWNTURN !!!
t
how this company is not filing bankruptcy is beyond my knowledge
C
Any one know if these preferred are going to be redeemed?
IMO
I cannot seem to get a response to the math conversion coming up on May 1st, but "IF" the conversion is going to be 0.1372 of common shares for each preferred share being converted, today I see the following (as an example):
1000 preferred shares value currently is $12,850
0.1372 x 1000 = 137.2 of common shares
Common share price $89.51 x 137.2 = $12,280.77
Difference is a (-569.23) loss over the preferred shares value
Yes, there is supposedly a dividend coming on May 1st, but even then, should the above example be a dump and run now, or hang in there for a future potential increase in common shares without a dividend?
What do you think? Also, please correct me if my math is not accurate in the example above.
Thanks,
Robert
"The conversion rate, which is the number of common shares issuable upon conversion of each Series A Preferred Share on the applicable conversion date (excluding common shares, if any, issued in respect of accumulated and unpaid dividends), will, subject to customary conversion rate adjustments, be as follows:
•
if the applicable market value (as defined below) of our common shares is greater than $9.30 (the “threshold appreciation price”) then the conversion rate will be 5.3763 of our common shares per Series A Preferred Share (the “minimum conversion rate”), which is approximately equal to $50, divided by the threshold appreciation price;"