Anthony Petrello: the Tycoon CEO of Nabor Industries, Inc.

Anthony Petrello is the current CEO of Nabors Industries, Inc., a leading holding company of Nabor Exchangeco, Inc. in Canada. He has been the serving that position since October 28, 2011. Petrello has also been the president of Nabor Industries Ltd since 1992. He was also the chief operating officer of the company since 1991. Petrello is in-charge of the general operations and strategic planning at the company. His rich expertise has enabled Nabor Industries, Inc. to become successful in the competitive oil market worldwide.

Petrello has a sound academic background. He got him both his degree and M.S in Mathematics from the renowned Yale University. Petrello was a former student of Harvard Law School where he acquired his J.D.

The Other Career Experiences

Anthony Petrello worked with a law firm called Baker & McKenzie as from 1979 to 1991. He was the managing partner of the firm’s New York Office from 1986 until he quit in 1991. Petrello was the deputy chairman of Nabor Industries Ltd. as from 2003 to 2012. He has been the chairman of the company’s board since June 2012. Petrello is currently the director of Texas Children’s Hospital, Inc. He was also the former director of

Nabor Industries, Inc.

Nabor Industries, Inc. is a leading natural gas, oil, and geothermal drilling contractor company based in Hamilton, Bermuda. The company undertakes its operations on land all over the Middle East, Africa, and the Americas. Nabor Industries, Inc. has a charter fleet comprising 29 marine vessels for offshore services. It also provides onshore and offshore oil drilling and well-servicing operations. The company provides onshore well-servicing operations in North America. It also provides offshore drilling rig servicing and rigs for offshore oil platform workover.

Nabor Industries Inc. is known for making directional drilling systems, top drilling drives, equipment for both rig instrumentation and data collection. It also makes software for rig reporting and equipment for drill pipe handling. As of 2006, Nabor Industries, Inc. owned 190 rigs in Canada and 610 land workover and well-servicing rigs in the U.S. the company also had five barge rigs and 48 oil platform rigs.



Jim Dondero Thinks Out-of-the-Box and Wins

James Dondero is a co-founder and Managing Partner of Highland Capital Management. The company opened its doors in 1993. It is currently worth over $15 billion. Jim is a visionary investor. He thinks about each investment and typically comes up with the correct solution. He has been able to find value where other top investors have failed. He is a bit introverted and spends time quickly going over debt issues, turnaround opportunities and new trends. His intuition has led him to major success in the investment arena.


Before most people even knew what collateralized loan obligations were, Jim was actively investing in them. He offers investors the opportunity to invest in unique mutual funds that are off the beaten path. His Highland Global Allocation Fund was up 29 percent over the last 12 months. The funds Jim manages are heavily concentrated in specific sectors, some even concentrated in specific companies. This type of investing is not for the faint of heart.


James Dondero feels that investors can find plain vanilla funds all over the marketplace, but to find a fund that invests in the hidden value is rare. That is why he runs the funds he does. Jim focuses a lot on fixed income investing and credit markets. That seems to be where he is able to see value more clearly. The funds Jim runs invest about half of their assets in a diversified group of securities, but the other half is used for following trends and placing major bets on a few ideas.


Jim is heavily involved in philanthropy in the local community and his former home town Santa Barbara, California. He works heavily with the Highland Santa Barbara Foundation which has given over $1.5 million to twenty-seven organizations around the country. They support educational programs, youth development and veteran’s organizations. Since 2005, Highland Capital has contributed over $10 million to charitable organizations.