Baker Hughes, rig count and Oil Prices

Nabors Industries faces a declining US drilling market, high debt, and poor market outlook, leading to a sell recommendation.
The rig count in the Permian Basin was down three this week, the latest count Friday by Baker Hughes shows, with 301 rigs active in the region. A year ago, 316 rigs were active in the region.
Drilling activity posted its first decline in six weeks during the first week of March. Oilfield services firm Baker Hughes ...