National Oilwell Varco Inc (NYSE:NOV)

CAPS Rating: 5 out of 5

The Company is a worldwide provider of equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services to the upstream oil and gas industry.


Player Avatar wcwhiner (64.97) Submitted: 5/23/2007 1:24:09 PM : Underperform Start Price: $46.69 NOV Score: +10.31

Still (stubbornly and wrongly) shorting energy on a slowing economy. I shall take my losses when I see some decent growth coming. Until then, I want to be short spreads and energy margins generally. Services would seem in line for a haircut, should I ever get this one right, so despite NOV's gold-standard business, I want to be short their stock for a while.

Report this Post 4 Replies
Member Avatar TDRH (99.49) Submitted: 9/10/2007 11:01:40 PM
Recs: 4

When energy/drilling does turn, and it will, you will have a coiled spring of points to collect. Drilling is truly cyclical, and will turn down painfully, but I believe you are a little early. New rigs are coming online now and through 2008 which will increase the supply and drop the day rates. When this happens you will see a sheer drop. I predict July of 2008.

Member Avatar sobodobo75 (56.41) Submitted: 12/4/2008 8:36:41 AM
Recs: 0

"I predict July of 2008" - Dude.... seriously nice call. Sheebus. Doesn't get much more accurate than that.

Member Avatar wcwhiner (64.97) Submitted: 12/4/2008 8:49:37 PM
Recs: 0

The man has his #9 ranking right now for a reason. I'm always early. I have become comfortable with that failing, but it sure is better to hit the nail on the head.Congrats, tdrh.

Member Avatar dmarkiv (< 20) Submitted: 5/11/2011 9:30:58 AM
Recs: 0

I am looking at what MF says about this company and since they can better look at the structure and business components (the inner financials and machinations), I think they have a winner. BUT, a very early winner. My research tells me that this very wonderful company could go to somewhere around $64 before the break out. I've been wrong before and may be wrong now. But I'm neither buying or selling yet.

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