Why Goldman Sachs Sees Upside in Land Drillers

Goldman Sachs analyst Waqar Syed and team aren’t worried about chasing land-drilling stocks like Patterson-UTI Energy (PTEN), Nabors Industries (NBR) and Helmerich & Payne (HP), which they upgraded to Buy today. They explain why: Associated Press Upgrading land drillers for the “Rigs terminated”, but “I’ll be back” theme: Land drilling activity cuts that began late last year are [...]