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Nabors Industries Ltd. (NBR)

NYSE - NYSE Delayed Price. Currency in USD
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117.00-0.33 (-0.28%)
At close: 4:00PM EDT
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  • t
    tx_value
    Did anybody get the NBR warrants yesterday?
  • A
    Anthony
    Did anybody get paid div for the nbr preferred yet. should be paid today, May 3rd.
  • Y
    Yahoo Finance Insights
    Nabors Industries is up 13.08% to 122.30
  • S
    SCOTT
    Why isn't NBR-PA trading today??
  • e
    evren
    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
    Playmakers
    I still have a NBR option and now says I have warrants??? Not even sure what I should do with this
  • r
    raimi
    The warrant is working, the shorts will help us bump it more a little
  • v
    vinny
    going to go up.big time
  • K
    Katitsa
    After conversion, we will experience a 6% decline in value. Fair?
  • R
    Robert
    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
    FightOrFlight
    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
    Katitsa
    3/31/21 10-Q looks positive, less in losses and decreased debt from 12/31/20.
  • R
    Robert
    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
    Anthony
    Do you believe me now?
  • K
    Katitsa
    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
    Katitsa
    Anyone know what the Bloomberg VWAP is (volume-weighted average price)? This is what the "applicable market value" refers to.
  • A
    Anthony
    I just got my pa divy and converted my shares to common. Good job Schwab !
  • T
    THE "GREAT ONE"
    BOYS....THIS COMPANY IS IN THE SAME LEAGUE AS AMC.....THE BUSH LEAGUE !!!! NOT LIKELY TO SURVIVE NEXT DOWNTURN !!!
  • t
    tedd
    how this company is not filing bankruptcy is beyond my knowledge
  • C
    Castor canadensis
    Any one know if these preferred are going to be redeemed?