Macquarie upgrades Nabors Industries (NBR +3.4%), Helmerich & Payne (HP +2.2%) and...

|About: Nabors Industries Ltd. (NBR)|By:, SA News Editor

Macquarie upgrades Nabors Industries (NBR +3.4%), Helmerich & Payne (HP +2.2%) and Patterson-UTI Energy (PTEN +3.8%) as major beneficiaries of its forecast increase in horizontal drilling - a 50%-plus boost in horizontal drilling rigs within three years and a similar gain in E&P spending on top of 25% spending growth this year.