Nabors Industries Ltd. (NYSE:NBR) Q1 2024 Earnings Call Transcript

Tony Petrello: Obviously international basket like I was referring to is robust still. I think at the end of the third quarter, I told people there were about 55 opportunities in the marketplace that we are looking at sorting through. And at the end of the fourth quarter that number was around 53 a, little bit decline. Today that number is 30. So there’s still 30 out there. And obviously we sort through them. And we’ll see if anything really fits. And like the last person that asked the question obviously we have some equipment that could be really deployed attractively. But right now our hands are pretty full of what we got. But we’ll still be evaluating that. But the good news is that that pipeline does show the robustness of the market and that number outstanding is — demonstrates how broad it is. And as I said in my remarks, I think the Canrig Award is another example of that showing how deep this recovery is in the international upcycle is.

William Restrepo: And in terms of the pricing on the CapEx, I think the fact that we manufacture a lot of those components those have relatively long lead times. We are pretty much set for the pricing this year. We were not that concerned about pricing increases on CapEx components at this point.

Derek Podhaizer: Got it. Appreciate the color guys. I’ll turn it back. Thanks.

Tony Petrello: Thank you.

Operator: This concludes our question-and-answer session. I would like to turn the conference back over to William Conroy, for any closing remarks.

William Restrepo: Thank you everyone for joining us today. If you have any questions please follow-up with us. Betsy, will wrap-up the call there. Thank you.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.