SCHEDULE: Oaktree Discloses 5.12% Stake in Nabors Industries

Oaktree Capital entities have reported a passive 5.12% beneficial ownership stake in Nabors Industries Ltd., totaling 809,047 common shares.

Summary

• Oaktree Capital Holdings, LLC, Oaktree Capital Group Holdings GP, LLC, and Oaktree Capital Management, L.P. (collectively, 'Reporting Persons') have filed a Schedule 13G.
• The Reporting Persons beneficially own an aggregate of 809,047 common shares of Nabors Industries Ltd.
• This ownership represents 5.12% of Nabors Industries Ltd.'s common shares outstanding.
• The stake comprises 737,112 common shares and 71,935 common shares issuable upon redemption of convertible bonds.
• The percentage ownership is calculated based on 15,736,950 common shares outstanding as of June 30, 2025, as reported in Nabors' Form 10-Q filed on August 1, 2025, plus the 71,935 convertible shares.
• All Reporting Persons share both voting and dispositive power over the 809,047 shares.
• The securities were acquired and are held for investment purposes and not to change or influence control of the issuer.

Sentiment

Score: 6

Explanation: The disclosure of a significant passive stake by a reputable institutional investor like Oaktree Capital is generally viewed as a moderately positive signal, indicating confidence in the issuer's value, although it does not imply active engagement or a change in control.

Positives

• A significant institutional investor like Oaktree Capital taking a 5.12% passive stake can be viewed as a positive signal, indicating confidence in the company's value or future prospects.
• The investment includes common shares and convertible bonds, suggesting a diversified approach to the stake.

Future Outlook

The filing does not contain any forward-looking statements or guidance from the Reporting Persons regarding Nabors Industries Ltd.'s future performance or strategic direction, as it is a passive ownership disclosure.

Management Comments

• Henry Orren, Managing Director for Oaktree Capital Holdings, LLC, Oaktree Capital Group Holdings GP, LLC, and Oaktree Capital Management, L.P., certified that the information set forth in the statement is true, complete, and correct.

Industry Context

This filing indicates a significant passive investment by a major alternative investment manager, Oaktree Capital, into Nabors Industries Ltd., a leading drilling contractor in the energy sector. Such an investment suggests Oaktree sees value in Nabors within the broader energy services industry, potentially reflecting a positive outlook on the sector or specific company fundamentals, without implying active management involvement.

Stakeholder Impact

• Shareholders: Increased institutional ownership may provide a level of validation for the company's current valuation or future prospects.
• Investment Community: The disclosure by a prominent investor like Oaktree Capital could draw increased attention to Nabors Industries Ltd. from other institutional and retail investors.

Key Dates

Recommendation

The filing indicates a significant passive investment by Oaktree Capital, a well-regarded institutional investor. While this suggests a vote of confidence in Nabors Industries Ltd., a Schedule 13G filing alone does not provide sufficient fundamental analysis to warrant a 'buy' or 'sell' recommendation. The presence of a major institutional holder might stabilize the stock or attract further interest, making 'hold' a prudent stance for existing investors, while new investors might consider further due diligence.

Keywords

Nabors Industries, Oaktree Capital, Beneficial Ownership, Schedule 13G, Common Shares, Convertible Bonds, Institutional Investment, Energy Services