NABORS IS SCALING NEW HEIGHTS WITH THE HELP OF ANTHONY PETRELLO

Nabors Industries is a land drilling flight firm and also a provider of directional drilling services, performance tools and offshore platform rigs with its head offices in Houston is set to acquire Tesco Corp, a manufacturer of technology based solutions for the energy industry also based at Huston. The acquisition which is set to happen in the last quarter of this year is an all stock acquisition. Tesco common stock being valued at four point six two dollars for every share in line with Nabors shares closing price on 11th August. This value is a nineteen percent premium based on the closing value of Tesco shares and a thirty percent premium in line with the value of Tesco enterprise according to the firm cash balance prepared in thirtieth June.

At the end of the deal, the shareholding of the Tesco firm will be 10% of the total shares of Nabors. However, if by the end of February next year the deal will not have gone through then according to a court filing done with the US Securities Exchange Commission; Tesco will have to pay eight million dollars to Nabors.

Tesco is said to compliment Nabors equipment subsidiary firm Canrig and the firm’s tubular services operations will be a benefit to Nabors drilling operations. The synergies from the two firms expected to generate twenty million dollars in revenue in the first year. This is expected to increase to thirty million dollars to thirty-five million dollars in the subsequent years. According to Nabors president, CEO and Chairman Anthony Petrello, the acquisition will help the company deliver better rig services.

This Man Anthony Petrello

Anthony Petrello serves as Nabors President, chairman, and CEO and in 2014 was ranked as one of the top paid U.S CEOs. At the time he was earning sixty-eight point two million dollars, despite his successes Anthony is a humble and honest man who deserves what he earns if not much more. Petrello was born in Newark to working class parents who did not have much. From an early age, he exhibited a mathematical intelligence that was not common among his peers and fortunately this did not escape Yale University which gave him a scholarship after his high school graduation to pursue mathematics. However, at some point in his stay at Yale Petrello changed his mind and joined the Harvard School of law. He worked hard in his school years and after his graduate studies worked for various companies joining Nabors.

He joined Nabors board of directors in 1991 after joining the company from Baker & McKenzie law firm where his specialty was corporate taxes. He has climbed the ranks for the twenty-six years he has worked for the company to become the firm CEO. During his tenure, he has emerged as one of the most capable business leaders in the US and has done much for Nabors. Petrello is also known as a philanthropist as he and his wife donate millions of dollars every year to charities

Logan Stout Athlete And Entrepreneur: Founder Of IDLife

Logan Stout is a successful entrepreneur who is currently CEO of IDLife, a health and wellness based company. He has always has a motivated, success-driven mindset, and that has helped him to accomplish many things in life.

From being a professional athlete to founding one of the largest baseball organizations in the world, he has always pushed the limits. He grew up in Richardson, Texas, and found success early as a star student athlete. He went on to become a professional athlete, as well as earning a degree in business from Panola, and a degree in psychology from the University of Dallas.

He was inspired to help young athletes find success, and he founded the Dallas Patriots, which is now one of the worlds largest baseball organizations. He dedicated time to coaching and mentoring the younger generation, and he also served as a youth minister. His experiences led him to publish a book in 2013, titled, “Stout Advice: The Secrets to Building Yourself, People, and Teams”. Always seeking the next level, Stout developed a group of health and wellness products and a brand called IDLIfe in 2014. Because of his healthy lifestyle, he knows how much health can impact a person’s life. His attitude is one of giving back, and IDLife’s mission is to help people achieve better health. In order to go above and beyond, Stout decided to offer a personal assessment along with his product. Stout is currently married to his high school sweetheart, and the two live in Frisco, Texas, with their children.

The brand that Logan Stout developed, IDLife, is a wellness product that promotes a healthy and fit lifestyle. The brand is one of the first in the wellness industry to offer customized, personal assessments to each and every customer. IDLife supports personalized nutrition that is unique to an individual. Since 2014 they have grown significantly and been received well by their community. Their unique business model promotes growth, because they offer an affiliate program so that loyal customers can share their love of IDLife and then get paid for their work. This has contributed to IDLife’s success in changing people’s lives.

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Dr. Scott Rocklage of Boston: A Fascinating Life

When you really think about it, every person in the world has a story to tell. However, some people’s stories are naturally more intriguing than others’. For those who are fascinated by the world of business and of achieving success in the world, the life of Dr. Scott Rocklage is sure to be of interest. Between his exceptional educational attainments, his extensive research and development experience and his history of entrepreneurship and life science venture investing, Rocklage is a formidable force. As if that isn’t enough, he enjoys a wonderful personal life that includes a strong marriage, close relationships with adult children and plenty of golfing and fun in the sun.

Through the years, Scott Rocklage has worked for or been associated with a dizzying array of organizations. To this very day, he is associated with many different companies and corporations. However, he devotes most of his time these days to his work as a managing partner at 5AM Ventures, a venture capital firm. Rocklage came on board with 5AM Ventures in 2003. Initially, he was a venture partner. In 2004, however, he became a managing partner and has been one ever since. It does not appear that he plans to leave his post any time soon.

Why has Scott Rocklage stuck with 5AM Ventures for so long? Mostly because it allows him to make the most of his considerable education and experience. At the venture capital firm, Rocklage employs a hands-on approach to helping to develop and promote untraditional solutions to diagnosing, treating and preventing medical conditions of all kinds. In his work with the firm, he works directly with many different types of entrepreneurs. He comes into regular contact with physicians, scientists, business executives and many others. The work suits him well, as he has a naturally curious mind and is always willing and able to discuss innovative ideas with new people and learn more about Scott Rocklage.

Scott Rocklage has a very strong education in science. After excelling throughout high school, he applied to and was admitted at the University of California at Berkeley. UC Berkeley is known for its competitive and first-rate chemistry program. After four years of intense work and studying, Rocklage graduated with a bachelor of science in chemistry. The ambitious young man wasn’t satisfied yet. He applied to and was accepted into the prestigious graduate chemistry program at the Massachusetts Institute of Technology. At MIT, he worked in the famed Schrock group under Nobel Prize winner Richard R. Schrock and resume him.

In 1982, Scott Rocklage graduated with a PhD in chemistry from MIT. Needless to say, that was a major achievement in and of itself, as MIT is one of the most prestigious institutes of higher learning in the world. Since he had been back in Greater Boston for some time, Rocklage decided to stay put while embarking on his professional career. Initially, he delved into the world of research and assumed a role as a leader of a small research group. It didn’t take long for him to realize that strict research wasn’t really right for him and more information click here.

Thanks to his gregarious nature and excellent communication skills, Scott Rocklage never had any trouble in the world of business. He already knew this about himself but only realized that he needed to work in business after starting out on the science side of things. He made the switch to the business world instead by becoming CEO of a company that specialized in MRI imaging agents. From there, he rapidly moved up through the ranks. He served as president and CEO of Nycomed Salutar from 1986 until 1989, and he served as chairman and CEO of Cubist Pharmaceuticals from 1994 until 2003, which is also when he came on board with 5AM Ventures.

Scott Rocklage has more than three decades of experience in the healthcare management sphere. During that time, his work has been instrumental in achieving FDA approval of three U.S. New Drug Applications for Omniscan, Cubicin and Teslascan. He has published more than 100 peer-reviewed papers through the years, and he is listed as an inventor or co-inventor on more than 30 U.S. patents. He has served on the boards of numerous biopharmaceutical firms and continues to act in this capacity for Relypsa, K2, Novira, Kinestral and Rennovia.

Although he is a native of Greater Boston, Scott Rocklage also spends a lot of his time down in Florida. He has homes in both Jupiter, FL, and Sudbury, MA. He and his wife Patty have been married for more than 30 years. They have three adult children and many grandchildren. They stay busy by traveling, playing golf and by promoting causes that are dear to their hearts. Scott and Patty are often seen spending time at the Loxahatchee Club, where they enjoy hitting the links and socializing with friends. Rocklage has not stated when he plans to retire full time, but it probably won’t be anytime soon and Scott Rocklage’s lacrosse camp.

Highland Capital Stepping Out of Comfort Zone

The co-founder and President of Highland Capital Management, James Dondero’s biggest strength is evaluating emerging issues, thinking through tough debt deals and making turnarounds. James has had some of the best investment ideas that have seen Highland Capital make huge profits. Although the initial idea of the company was to deal with credits, the firm has ventured to other fields. Highland Capital was founded by Mr. Dondero with Mark Okada. In 1997, they bought out the parent company and since then its human resource and assets have increased massively.

 

James Dondero and his team are risk takers and have invested in companies that other organizations in their field would not attempt. Vistra Energy was in an awful position when Highland Capital bought its senior secured debt. They later converted the debt to equity. Currently, Vistra Energy is doing quite well and even its shares are trading on the New York Stock Exchange. Highland Capital also bought Argentina’s bond in 2012 when their economy was failing. Research done by the firm showed that losses in the country would be limited, so it was a good move to get in. After 2015’s election, Mauricio Macri primary focus was to improve the economy and the value of the bonds bought by Highland Capital almost doubled. When Master Limited Partnerships’ index went down to 15%, James and his team invested in the company. By 2016, the index had moved to 18.3% making Highland Capital multiply its investment almost four times.

 

Philanthropic work of Highland Capital

 

Highland Capital is also involved in few charitable activities. The firm gives support to new non-profit organizations and Reasoning Mind. The Reasoning Mind develops technology that teaches math curriculum for pre-kindergarten up to the seventh grade, to help less privileged schools boost their math score.

 

James Dondero Career

 

Before co-founding Highland Capital, James Dondero worked at Protective Life’s GIC subsidiary as the chief investment officer and American Express managing its fixed income funds. He is also on the board of American Banknote, Cornerstone Healthcare, MGM Studios, CCS Medical Corporation and NexBank. His track record has seen funds associated with him get different awards.

 

James Dondero graduated with a bachelor in accounting and finance from the University of Virginia. He is also a Certified Management Accountant and has earned the right to use the Chartered Financial Analyst designation.

 

http://www.barrons.com/articles/making-bold-bets-on-alternative-investmentsand-winning-1490423757