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Warren Buffett Is Buying Up National Oilwell Varco And So Should You! ( $NVO )



August 20, 2012 – Comments (0) | RELATED TICKERS: NVO

$NOV is one of our favorite oilfield services stocks and this has not changed. It has jumped almost a full $11 from $68 to almost $79 today. EUROPEAN EMBARGO OF IRANIAN OIL WILL MAKE YOU MONEY

T. Boone Pickens has also long been a $NOV bull. We pointed out he was buying on July 12 2012. The stock was trading around $65 then and is up almost a full $14 since then. T. BOONE PICKENS IS BUYING THESE STOCKS RIGHT NOW This is a full 18% gain since then.

Now Warren Buffett is a buyer and a big one. As if this isn’t a big enough reason already to want to buy National Oilwell Varco we will give you several reasons from our research. 

NOV has a growth by acquisition strategy. It acquired about 300 businesses over the past 15 years. It completed nine acquisitions just in the first half of the year. The company has a staff dedicated to the process of acquiring new companies. NOV has the knowledge and experience to scope out good companies and to effectively integrate them into its business.


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