Nabors Industries is a natural gas, oil and geothermal drilling contractor that is based in Bermuda, Hamilton. It is famed as the largest driller on land in the entire globe with workers and working rigs from over twenty-five countries around the globe. Having just started in the year 1968 the company has grown over the decades to hiring more than fifteen thousand employees under the capable leadership of Anthony G. Petrello who took on the seat of the company’s leader and executive chair from the year 1991 up to date.
With a B.S and M.S in Mathematics from the University of Yale and a J.D from the Law School at Harvard, Tony Petrello has made quite a name for himself over the years. He has been a director at the Stewart and Stevenson LLC from 2011 and a deputy chairman at Nabors industries between the years 2003 and 2012 when he became a full-on chairman of the board of directors at Nabors Industries Limited. Prior to getting hired at Nabors Industries, Mr. Petrello worked at a law firm by Baker and McKenzie based in New York as a managing partner between the years 1986 and 1991. Currently, he is a director at MediaOnDemand.com and the Texas Children’s Hospital.
By 2014, Tony Petrello was known as one of the highest paid CEOs in the U.S. his success and reputation has grown over the years. He is known for his moral code and the way he treats his fellows and employees with respect, humility, and understanding. Tony’s success as not handed to him, rather he worked very hard at it from his days as a scholar up to his years as a CEO. Coming from a background of struggle and hard work in order to meet his needs, Tony has learned that success is earned as he had to work for more than three decades before reaching the rank of CEO.
Petrello is not a fanatic of the media and publicity, but his work speaks for him. His most impressive attribute is his contract with Nabors that stipulated that almost 80 percent of his earnings is based on the corporation’s revenue, that is, if the revenue drops, then his salary also drops. This is a stipulation that most CEOs do not agree with, making him one of a kind in the industry.
In a recent interview, famous investor and author Matt Badiali said that it is time every investor bought gold mining stocks. The question then is, why should investors buy the gold mining stocks now? This is a question we will delve into deeply and answer it according to the explanation given by Matt Badiali.
In December the value of gold went all the way up to 1051 per ounce, the highest that has been recorded in the last five years. Following the decline, those who bought the gold mining stock while the prices were down are now about to turn rich. Matt Badiali is a geologist. His education on geology enables him to understand gold and other commodities mining. Matt has a unique way of analyzing the prices of gold. His analysis is based on the ease of mining. How long it takes for the miners to get hold of the commodity is the main factor that determines the value of the commodity according to Matt Badiali. How fast miners are able to drill holes and access the commodity is a big factor in determining the price. Those miners who can drill holes faster have a higher potential of getting better productivity.
As a geologist, Matt Badiali believes that miners are the ones who will determine the future prices of gold. The focus, therefore, needs to shift to the drilling process for this precious metal. This concept that has been created by Matt Badiali is a concept based on keen analyses of the industry. Matt has work experience in environmental consultancy and educational background which enables him to have a unique perspective on the mining industry than other investors. Those who look at the industry just from other theoretical perspectives will probably not realize what Matt has done. Matt holds a degree in Earth Science from the Penn State University and a geology degree from the Florida Atlantic University. His approach to analyzing the commodity markets is unique but very practical as opposed to other methods. Follow Matt Badiali on Twitter
Matt Badiali has noted that the gold prices were going to change after carefully studying the markets. The gold mining industry was performing poorly for the last five years. Before the prices started to climb, big mining corporations were going through a hard time. Many companies in the industry had gone broke following them poor prices posted by gold. The prices were far below the levels needed to make substantial profits.
For more updates, visit: https://www.facebook.com/MattBadialiGuru/