and production services a subsidiary of nabors industries. but a month into the job with nabors dustin began raising red flags. >> so this is his phone? >> this is his phone. >> this is a text from dustin to his girlfriend that says "i'm going to be here all night. that's even if i can weld it." and he says, "i'm literally going to be welding something that is full of oil. very dangerous." to which jessica responds, "maybe you should say something." and dustin responds back that he did say something... and jessica responds "yeah, that could kill you." >> i'm sure it made everybody mad, but he wasn't going to put his life in danger. >> while working in north dakota dustin met jessica summers the woman he planned to marry. >> he would make comments about how he never thought about proposing to a girl, or he knew nothing about diamonds or rings. one day he said you know it's all about the clarity and the cut. and i thought wow >> oh man he's a big ol softie for that ol lady i tell you he was. yeah. he loved that woman unconditionally. >> after s

these companies had substantial losses in 2014, transocean and nabors in particular had double-digit losses in 2014. so you're buying them cheap, david? >> i don't know about the rigs but these are real hard assets. the oil services companies in general correlate really closely to the price of oil. they go to big discounts to book value and tangible assets. their revenues do drop but don't drop as severely in general as the price of oil does. so there is always an overshot. they are quick liver to adjust the supply of rigs as well as their contracts. they take hits up front. they get, they rebound. these are big companies with big assets. they will be okay now. not necessarily highly leveraged. it is just like i said, this happened before and not necessarily an overreaction. it is accurate reaction. this is how you make money, big money in the long run, buying fact pitchings and things out of favor. david: jack mack teen, we saw last week, particularly when markets hit hard came down close to one as aye seen in my lifetime practically. >> right. david: will that continue? there has t

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nay bo nabors is the best performer.ve had guests who said oil stocks will bottom before the commodity of oil. don't know if they're bottoming or not but they are some of the best performers today and they've been some of the best performers recently. big market day. "the closing bell" has the economists from morgan stanley with their fed call. fed day tomorrow. "the closing bell" starting right now. i will see you in about 23 hours. >>> well, happy tuesday, everybody. welcome to "the closing bell." the market finally trading on earnings but guess what? it's not liking those earnings. it's a market sell-off at the new york stock exchange. welcome to "the closing bell." i'm kelly evans. >> i'm bill griffeth. and then there's snowmageddon. billions spent on a storm that was largely a bust for those in manhattan part of new york city and parts west. those of you in long island and connecticut and eastern massachusetts and rhode island, you got hit as was predicted but those of us in parts west preparing for all of that was

denbury, nabors, murphy, apache.ple messages me saying why are we so interested in utilities and why was there a 4% drop in the last few days in utilities? it's been a greatly expanded class of asset investors in utilities as an asset class last year. i think the answer is simple. despite the price run-ups, the-year-olds are still very very attractive. with the big price-ups, you can get 4% yields in southern and ppl and duke and con ed. with a 25% run-up you get 4% yields. the other thing very important, investors feel these dividend yields are relatively safe. they don't think they are going to be attacked. unlike yields in high-yield plays out there, for example some of the oil and gas partnerships out there. some of these have driven up high recently. linn energy penn west the price has dropped dramatically. they've driven the yields up. take a look at linn energy. that is down close to 50%. from $22 to $10. obviously people feel some of these payouts are in danger and with very good reason. there is a distinct d